Loading...

First Financial Northwest

Nasdaq:FFNW
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FFNW
Nasdaq
$134M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

First Financial Northwest, Inc. operates as the holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • First Financial Northwest has significant price volatility in the past 3 months.
FFNW Share Price and Events
7 Day Returns
-6.3%
NasdaqGS:FFNW
0.1%
US Banks
2%
US Market
1 Year Returns
-33.1%
NasdaqGS:FFNW
-7%
US Banks
4.3%
US Market
FFNW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Financial Northwest (FFNW) -6.3% -13% -14% -33.1% 4.7% 22.6%
US Banks 0.1% 0.7% 5.8% -7% 51.5% 40.9%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • FFNW underperformed the Banks industry which returned -7% over the past year.
  • FFNW underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
FFNW
Industry
5yr Volatility vs Market

Value

 Is First Financial Northwest undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Financial Northwest to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Financial Northwest.

NasdaqGS:FFNW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $15.19 * 6.2%
$0.95
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $15.19
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:FFNW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 21%) (122.94%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.111 * 5.96%)
9.35%

Discounted Cash Flow Calculation for NasdaqGS:FFNW using Excess Returns Model Model

The calculations below outline how an intrinsic value for First Financial Northwest is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:FFNW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.2% – 9.35%) * $15.19)
$-0.47
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.47 / (9.35% - 2.73%)
$-7.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.19 + $-7.16
$8.02
NasdaqGS:FFNW Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.02
Current discount Discount to share price of $13.49
= -1 x ($13.49 - $8.02) / $8.02
-68.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of First Financial Northwest is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Financial Northwest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Financial Northwest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FFNW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.97
NasdaqGS:FFNW Share Price ** NasdaqGS (2019-06-24) in USD $13.49
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.7x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Financial Northwest.

NasdaqGS:FFNW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FFNW Share Price ÷ EPS (both in USD)

= 13.49 ÷ 0.97

13.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Financial Northwest is overvalued based on earnings compared to the US Banks industry average.
  • First Financial Northwest is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Financial Northwest's expected growth come at a high price?
Raw Data
NasdaqGS:FFNW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:FFNW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.89x ÷ 9.4%

1.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Financial Northwest is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on First Financial Northwest's assets?
Raw Data
NasdaqGS:FFNW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.10
NasdaqGS:FFNW Share Price * NasdaqGS (2019-06-24) in USD $13.49
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
NasdaqGS:FFNW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FFNW Share Price ÷ Book Value per Share (both in USD)

= 13.49 ÷ 15.10

0.89x

* Primary Listing of First Financial Northwest.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Financial Northwest is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess First Financial Northwest's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. First Financial Northwest has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is First Financial Northwest expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Financial Northwest expected to grow at an attractive rate?
  • First Financial Northwest's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Financial Northwest's earnings growth is positive but not above the United States of America market average.
  • First Financial Northwest's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FFNW Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:FFNW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.4%
NasdaqGS:FFNW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:FFNW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:FFNW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 45 11 3
2019-12-31 41 9 3
NasdaqGS:FFNW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 43 15 10
2018-12-31 48 19 15
2018-09-30 49 14 15
2018-06-30 48 18 14
2018-03-31 47 16 13
2017-12-31 40 12 8
2017-09-30 39 19 9
2017-06-30 38 18 10
2017-03-31 36 18 9
2016-12-31 36 17 9
2016-09-30 34 15 8
2016-06-30 34 13 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Financial Northwest's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • First Financial Northwest's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:FFNW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from First Financial Northwest Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FFNW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.08 1.15 1.03 3.00
2019-12-31 0.91 0.95 0.87 3.00
NasdaqGS:FFNW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.97
2018-12-31 1.44
2018-09-30 1.47
2018-06-30 1.39
2018-03-31 1.26
2017-12-31 0.82
2017-09-30 0.88
2017-06-30 0.91
2017-03-31 0.83
2016-12-31 0.75
2016-09-30 0.64
2016-06-30 0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Financial Northwest will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess First Financial Northwest's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Financial Northwest has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has First Financial Northwest performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Financial Northwest's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Financial Northwest's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • First Financial Northwest's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • First Financial Northwest's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
First Financial Northwest's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Financial Northwest Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FFNW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 42.58 9.99 29.87
2018-12-31 48.05 14.87 29.08
2018-09-30 49.32 15.12 28.31
2018-06-30 48.23 14.19 27.96
2018-03-31 46.66 12.96 27.32
2017-12-31 40.23 8.48 26.39
2017-09-30 38.63 9.08 25.15
2017-06-30 37.73 9.82 23.61
2017-03-31 36.39 9.39 22.75
2016-12-31 35.55 8.87 22.24
2016-09-30 34.34 7.97 21.67
2016-06-30 34.44 7.81 21.72
2016-03-31 34.57 8.73 20.61
2015-12-31 33.93 9.13 19.89
2015-09-30 34.30 9.95 19.32
2015-06-30 34.20 10.23 18.39
2015-03-31 34.14 10.22 18.02
2014-12-31 35.05 10.64 17.44
2014-09-30 34.48 11.49 17.00
2014-06-30 33.64 11.38 17.79
2014-03-31 33.13 25.41 18.76
2013-12-31 32.00 24.32 19.71
2013-09-30 30.37 22.01 20.19
2013-06-30 29.13 18.61 20.42
2013-03-31 28.21 3.59 20.15
2012-12-31 27.14 2.68 20.17
2012-09-30 27.43 2.13 20.53
2012-06-30 27.95 3.54 20.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • First Financial Northwest has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Financial Northwest used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if First Financial Northwest improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess First Financial Northwest's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Financial Northwest has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is First Financial Northwest's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of First Financial Northwest's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Financial Northwest Company Filings, last reported 2 months ago.

NasdaqGS:FFNW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 151.68 163.50 25.17
2018-12-31 153.74 146.50 18.67
2018-09-30 154.71 149.00 28.72
2018-06-30 152.55 224.00 25.44
2018-03-31 148.76 200.00 22.74
2017-12-31 142.63 216.00 17.66
2017-09-30 140.76 191.50 23.12
2017-06-30 143.51 191.50 19.50
2017-03-31 141.75 171.50 27.47
2016-12-31 138.13 171.50 32.46
2016-09-30 151.05 221.50 32.51
2016-06-30 169.46 161.50 37.51
2016-03-31 169.18 91.50 28.26
2015-12-31 170.67 125.50 105.28
2015-09-30 174.96 135.50 122.35
2015-06-30 177.57 135.50 106.97
2015-03-31 180.82 135.50 120.29
2014-12-31 181.41 135.50 103.88
2014-09-30 181.83 135.50 55.63
2014-06-30 182.48 135.50 40.69
2014-03-31 187.83 119.00 33.51
2013-12-31 184.36 119.00 55.51
2013-09-30 185.61 74.00 22.60
2013-06-30 187.08 74.00 33.52
2013-03-31 188.75 34.00 25.69
2012-12-31 187.12 83.07 87.74
2012-09-30 184.96 83.07 109.23
2012-06-30 184.17 83.07 160.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • First Financial Northwest has an acceptable proportion of non-loan assets held.
  • First Financial Northwest's liabilities are made up of primarily low risk sources of funding.
  • Loans at First Financial Northwest are broadly funded by customer deposits.
  • First Financial Northwest's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • First Financial Northwest has a sufficient allowance for bad loans.
  • First Financial Northwest has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess First Financial Northwest's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Financial Northwest has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is First Financial Northwest's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.67%
Current annual income from First Financial Northwest dividends. Estimated to be 2.72% next year.
If you bought $2,000 of First Financial Northwest shares you are expected to receive $53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • First Financial Northwest's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • First Financial Northwest's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:FFNW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:FFNW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.38 3.00
2019-12-31 0.35 3.00
NasdaqGS:FFNW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.360 2.320
2019-01-24 0.320 2.002
2018-10-25 0.320 2.076
2018-07-26 0.320 1.922
2018-04-26 0.320 1.697
2018-01-25 0.280 1.725
2017-10-26 0.280 1.728
2017-07-26 0.280 1.688
2017-04-27 0.280 1.734
2017-01-26 0.240 1.278
2016-11-17 0.240 1.299
2016-07-28 0.240 1.688
2016-04-29 0.240 1.790
2016-01-29 0.240 1.804
2015-11-19 0.240 1.766
2015-08-03 0.240 1.929
2015-04-23 0.240 1.982
2015-02-26 0.240 1.970
2014-11-20 0.200 1.664
2014-08-20 0.200 1.857
2014-04-24 0.200 1.852
2014-02-28 0.200 1.962
2013-11-20 0.160 1.520
2013-08-21 0.160 1.503
2013-05-20 0.160 1.534
2012-03-09 0.000 0.000
2012-01-27 0.000 0.000
2011-11-07 0.000 0.000
2011-10-21 0.000 0.000
2011-08-08 0.000 0.000
2011-07-26 0.000 0.000
2011-05-09 0.000 0.000
2011-04-25 0.000 0.000
2011-03-16 0.000 0.000
2011-01-24 0.000 0.000
2010-11-05 0.000 0.000
2010-10-22 0.000 0.000
2010-08-09 0.000 0.000
2010-07-23 0.000 0.000
2010-01-21 0.340 6.214
2009-10-22 0.340 5.202
2009-07-16 0.340 4.886

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of First Financial Northwest's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Financial Northwest's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Financial Northwest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Financial Northwest has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of First Financial Northwest's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Kiley
COMPENSATION $678,115
AGE 62
TENURE AS CEO 5.8 years
CEO Bio

Mr. Joseph W. Kiley, III, also known as Joe, has been the Chief Executive Officer and President of First Financial Northwest, Inc. since September 1, 2013. Mr. Kiley has been the Chief Executive Officer and President of First Savings Bank Northwest and First Financial Diversified Inc. since September 17, 2012. Mr. Kiley served as the Chief Operating Officer and Senior Vice President of First Financial Northwest, Inc. until September 1, 2013. He served as the Chief Executive Officer and President of Frontier Bank FSB. He is employed at First California Financial Group, Inc. Mr. Kiley served as Chief Executive Officer and President of Imperial Capital BanCorp. Inc., from October 1, 2009 to January 31, 2011. He has a distinguished career in managing both publicly and privately held banks with more than 20 years of executive experience. Prior to his appointment at Frontier, Mr. Kiley was a consultant to several financial institutions in Southern California. Mr. Kiley served as Chief Executive Officer and President of Imperial Capital Bank since October 1, 2009. He served as the Chief Executive Officer of Beverly Hills BanCorp. Inc. (also known as Wilshire Financial Services Group Inc.) from June 2004 to August 2005. He served as Chief Financial Officer of Beverly Hills BanCorp. Inc. from May 2004 to February 2005. He served as President of Beverly Hills BanCorp. Inc. From 1991 to 1996, Mr. Kiley served as Executive Vice President of Hancock Savings Bank, Los Angeles, California. He served as an Executive Vice President of Operations and Chief Financial Officer of National Mercantile Bancorp, the parent of Mercantile National Bank in Century City, California from July 1996 to February 2001. He served as the Chief Financial Officer of Hancock Savings Bank, F.S.B. in Los Angeles, California from 1992 to 1996. From 1986 to 1996, Mr. Kiley held various financial officer positions with a variety of financial institutions including Hancock Savings Bank, First Interstate Bank of California in Los Angeles and Gibraltar Savings in Simi Valley, California. Mr. Kiley began his professional career at KPMG serving both in the Los Angeles and Sacramento, California offices. He has been a Director of First Financial Northwest, Inc. since December 31, 2012 and First Savings Bank Northwest since September 17, 2012. He served as a Director of Frontier Bank FSB. He served as a Director of Manhattan BanCorp. since 2007. He served as Director of Imperial Capital BanCorp. Inc. from October 1, 2009 to January 31, 2011. He served as a Director of National Mercantile BanCorp. from 1996 to 2001. He served as a Director of Beverly Hills BanCorp. Inc. since June 2004, Imperial Capital Bank since October 1, 2009. Mr. Kiley received his B.S. degree in Business Administration from California State University, Chico and is a American Institute of Certified Public Accountants since 1982.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joe's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the First Financial Northwest management team in years:

5.8
Average Tenure
55
Average Age
  • The average tenure for the First Financial Northwest management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joe Kiley

TITLE
President
COMPENSATION
$678K
AGE
62
TENURE
5.8 yrs

Rich Jacobson

TITLE
Executive VP
COMPENSATION
$497K
AGE
55
TENURE
5.8 yrs

Ronnie Clariza

TITLE
Senior VP & Chief Risk Officer
COMPENSATION
$301K
AGE
37

Dalen Harrison

TITLE
Senior VP & Chief Deposit Officer
COMPENSATION
$305K
AGE
59

Joann Lee

TITLE
Secretary & Director
COMPENSATION
$62K
AGE
63
TENURE
8.1 yrs

Simon Soh

TITLE
Senior VP & Chief Lending Officer
COMPENSATION
$377K
AGE
53

Karla Evans

TITLE
Assistant Vice President

Randy Riffle

TITLE
Executive VP & Chief Credit Officer

Christine Huestis

TITLE
VP & Controller
AGE
52
Board of Directors Tenure

Average tenure and age of the First Financial Northwest board of directors in years:

6
Average Tenure
62
Average Age
  • The tenure for the First Financial Northwest board of directors is about average.
Board of Directors

Roger Molvar

TITLE
Chairman of the Board
COMPENSATION
$68K
AGE
62
TENURE
2 yrs

Joe Kiley

TITLE
President
COMPENSATION
$678K
AGE
62
TENURE
6.5 yrs

Rich Jacobson

TITLE
Executive VP
COMPENSATION
$497K
AGE
55
TENURE
5.8 yrs

Joann Lee

TITLE
Secretary & Director
COMPENSATION
$62K
AGE
63
TENURE
12.4 yrs

Dan Stevens

TITLE
Director
COMPENSATION
$64K
AGE
75
TENURE
7.4 yrs

Kevin Padrick

TITLE
Director
COMPENSATION
$62K
AGE
62
TENURE
6.3 yrs

Rick Riccobono

TITLE
Director
COMPENSATION
$62K
AGE
60
TENURE
2.6 yrs

Patricia Remch

TITLE
Director
AGE
65
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Sell Joseph Kiley Individual 11. Mar 19 11. Mar 19 -10,000 $15.93 $-159,295
08. Feb 19 Sell First Financial Northwest Foundation, Endowment Arm Company 15. Jun 18 19. Nov 18 -40,000 $20.08 $-692,280
18. Dec 18 Buy Kevin Padrick Individual 14. Dec 18 14. Dec 18 10,524 $15.05 $158,373
05. Nov 18 Buy Kevin Padrick Individual 29. Oct 18 29. Oct 18 1,453 $14.39 $20,912
14. Sep 18 Sell Gary Faull Individual 12. Sep 18 12. Sep 18 -2,765 $17.11 $-47,301
12. Sep 18 Sell Gary Faull Individual 10. Sep 18 11. Sep 18 -12,409 $17.22 $-213,253
X
Management checks
We assess First Financial Northwest's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Financial Northwest has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What To Know Before Buying First Financial Northwest, Inc. (NASDAQ:FFNW) For Its Dividend

While First Financial Northwest's 2.5% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … Click the interactive chart for our full dividend analysis NasdaqGS:FFNW Historical Dividend Yield, June 19th 2019 Payout ratios Dividends are typically paid from company earnings. … Conclusion To summarise, shareholders should always check that First Financial Northwest's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Don't Sell First Financial Northwest, Inc. (NASDAQ:FFNW) Before You Read This

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for First Financial Northwest: P/E of 15.51 = $15.06 ÷ $0.97 (Based on the year to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings. … The Bottom Line On First Financial Northwest's P/E Ratio First Financial Northwest trades on a P/E ratio of 15.5, which is below the US market average of 17.3.

Simply Wall St -

Have Insiders Been Selling First Financial Northwest, Inc. (NASDAQ:FFNW) Shares?

So we'll take a look at whether insiders have been buying or selling shares in First Financial Northwest, Inc. … First Financial Northwest Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of First Financial Northwest shares, than buying

Simply Wall St -

Is First Financial Northwest, Inc. (NASDAQ:FFNW) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Joe Kiley's Compensation Compare With Similar Sized Companies. … has a market cap of US$166m, and is paying total annual CEO compensation of US$728k.

Simply Wall St -

Could First Financial Northwest, Inc.'s (NASDAQ:FFNW) Investor Composition Influence The Stock Price?

First Financial Northwest is a smaller company with a market capitalization of US$159m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that. … institutional investors have bought into the company.

Simply Wall St -

How Does First Financial Northwest, Inc. (NASDAQ:FFNW) Fare As A Dividend Stock?

Historically, First Financial Northwest, Inc. … Let's dig deeper into whether First Financial Northwest should have a place in your portfolio. … View our latest analysis for First Financial Northwest

Simply Wall St -

First Financial Northwest, Inc. (NASDAQ:FFNW): 3 Days To Buy Before The Ex-Dividend Date

(NASDAQ:FFNW) will be distributing its dividend of US$0.08 per share on the 22 March 2019, and will start trading ex-dividend in 3 days time on the 07 March 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 questions to ask before buying a dividend stock?

Simply Wall St -

Is First Financial Northwest, Inc.'s (NASDAQ:FFNW) P/E Ratio Really That Good?

We'll look at First Financial Northwest, Inc.'s (NASDAQ:FFNW) P/E ratio and reflect on what it tells us about the company's share price. … First Financial Northwest has a P/E ratio of 11.1, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why These Fundamentals Make First Financial Northwest, Inc.’s (NASDAQ:FFNW) More Attractive

As a small-cap bank stock with a market capitalisation of US$162m, First Financial Northwest, Inc.’s (NASDAQ:FFNW) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.

Simply Wall St -

What Did First Financial Northwest, Inc.'s (NASDAQ:FFNW) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Joe Kiley's Compensation Compare With Similar Sized Companies. … is worth US$160m, and total annual CEO compensation is US$728k.

Simply Wall St -

Company Info

Description

First Financial Northwest, Inc. operates as the holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit. Its loan products comprise one-to-four family residential loans; multifamily and commercial real estate loans; construction/land loans for the construction of single-family residences, condominiums, townhouses, multifamily properties, and residential developments; business loans; and consumer loans, such as home equity loans and savings account loans. The company primarily serves the greater Puget Sound region of King, as well as Pierce, Snohomish, and Kitsap counties, Washington through its full-service banking office in Renton, Washington; and nine additional branches in King and Snohomish counties, Washington. First Financial Northwest, Inc. was founded in 1923 and is based in Renton, Washington.

Details
Name: First Financial Northwest, Inc.
FFNW
Exchange: NasdaqGS
Founded: 1923
$134,416,262
9,964,141
Website: http://www.ffnwb.com
Address: First Financial Northwest, Inc.
201 Wells Avenue South,
Renton,
Washington, 98057,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FFNW Common Stock Nasdaq Global Select US USD 10. Oct 2007
Number of employees
Current staff
Staff numbers
156
First Financial Northwest employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 00:09
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.