First Financial Northwest, Inc. (NASDAQ:FFNW – Get Free Report) announced a quarterly dividend on Monday, November 13th, Zacks reports. Investors of record on Friday, December 8th will be given a dividend of 0.13 per share by the bank on Friday, December 22nd. This represents a $0.52 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Thursday, December 7th.
First Financial Northwest has raised its dividend by an average of 11.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. First Financial Northwest has a dividend payout ratio of 106.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect First Financial Northwest to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 98.1%.
First Financial Northwest Stock Up 1.6 %
Shares of First Financial Northwest stock traded up $0.17 during trading on Wednesday, hitting $11.08. 2,235 shares of the stock traded hands, compared to its average volume of 6,798. The stock has a market cap of $101.71 million, a P/E ratio of 12.31 and a beta of 0.43. The company has a fifty day moving average price of $11.93 and a two-hundred day moving average price of $11.49. First Financial Northwest has a twelve month low of $9.70 and a twelve month high of $15.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.02 and a current ratio of 1.02.
Institutional Inflows and Outflows
First Financial Northwest Company Profile
First Financial Northwest, Inc operates as the bank 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 accounts, statement savings accounts, and certificates of deposit.
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