First Financial Northwest Stock (NASDAQ: FFNW)

First Financial Northwest Stock (NASDAQ:FFNW), Trade Ideas

First Financial Northwest

First Financial Northwest Inc is the holding company. The Bank's business consists predominantly of attracting deposits from the general public, combined with borrowing from the FHLB of Des Moines and raising funds in the wholesale market then utilizing these funds to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business, and consumer loans. The Bank's strategic initiatives seek to diversify its loan portfolio and broaden growth opportunities with its current risk tolerance levels and asset/liability objectives.

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FFNW

Bank of Hawaii (NYSE: BOH) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.

Bank of Hawaii Q1 Earnings and Revenues Miss Estimates

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U.S. stocks traded slightly lower toward the end of trading, with the Dow Jones index falling around 20 points on Thursday.

The Dow traded down 0.05% to 37,675 while the NASDAQ fell 0.05% to 14,962.80. The S&amp;P 500 also fell, dropping, 0.11% to 4,778.06.

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Shares of TechTarget, Inc. (NASDAQ: TTGT) rose sharply during Thursday’s session after the company announced a strategic combination with Informa Tech&#39;s digital businesses.

TechTarget shares surged 14.4% to $40.34 on Thursday.

Why TechTarget Shares Are Trading Higher By Over 14%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

First Financial Northwest, Inc. - Common Stock

First Financial Northwest Inc

Bank of Hawaii (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boh#NYSE">BOH</a>) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.89 per share when it actually produced earnings of $0.72, delivering a surprise of -19.10%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Bank of Hawaii, which belongs to the Zacks Banks - West industry, posted revenues of $156.22 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 2.84%. This compares to year-ago revenues of $176.69 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Bank of Hawaii shares have lost about 19.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 4.1%.
What&#39;s Next for Bank of Hawaii?
While Bank of Hawaii has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Bank of Hawaii: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $163.47 million in revenues for the coming quarter and $3.72 on $659.4 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, First Financial Northwest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>), has yet to report results for the quarter ended March 2024.
This bank is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -60.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Financial Northwest&#39;s revenues are expected to be $9.93 million, down 16.7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2258962/bank-of-hawaii-boh-q1-earnings-and-revenues-miss-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2258962">To read this article on Zacks.com click here.</a>

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) with a Market Perform and raises the price target from $15 to $23.5.

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on First Financial Northwest, Raises Price Target to $23.5-Report Released on 25 January 2024

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported its Q4 earnings results on Thursday, January 25, 2024 at 09:10 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
First Financial Northwest missed estimated earnings by 7.14%, reporting an EPS of $0.13 versus an estimate of $0.14.
Revenue was down $3.19 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 6.18% increase in the share price the next day.
Here's a look at First Financial Northwest's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.15</td>
<td>0.20</td>
<td>0.29</td>
<td>0.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.16</td>
<td>0.23</td>
<td>0.35</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>9.93M</td>
<td>10.90M</td>
<td>12.04M</td>
<td>12.80M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>9.70M</td>
<td>10.31M</td>
<td>11.26M</td>
<td>12.47M</td>
</tr>
</tbody>
</table>

&#x2A;&#x2A; Listen to the earnings announcement yourself by <a href="">clicking here</a>. &#x2A;&#x2A;
To track all earnings releases for First Financial Northwest <a href="https://www.benzinga.com/quote/FFNW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: First Financial Northwest Q4 Earnings

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.14 by 7.14 percent. This is a 62.86 percent decrease over earnings of $0.35 per share from the same period last year.

First Financial Northwest Q4 EPS $0.13 Misses $0.14 Estimate

Piper Sandler analyst Andrew Liesch maintains First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) with a Overweight and raises the price target from $14 to $23.5.

Piper Sandler Maintains Overweight on First Financial Northwest, Raises Price Target to $23.5

DA Davidson analyst Jeff Rulis downgrades First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) from Buy to Neutral and announces $22 price target.

Downgrades

DA Davidson Downgrades First Financial Northwest to Neutral, Announces $22 Price Target

U.S. stocks traded slightly lower toward the end of trading, with the Dow Jones index falling around 20 points on Thursday.
The Dow traded down 0.05% to 37,675 while the NASDAQ fell 0.05% to 14,962.80. The S&amp;P 500 also fell, dropping, 0.11% to 4,778.06.
Check This Out: <a href="https://www.benzinga.com/news/24/01/36591892/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares rose by 0.1% on Thursday.
In trading on Thursday, utilities shares fell by 2.3%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
First Financial Northwest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) shares shot up 48% to $20.20. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.
Shares of SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) got a boost, surging 51% to $2.9499. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.
Transphorm, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgan#NASDAQ">TGAN</a>) shares were also up, gaining 25% to $4.75 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares dropped 41% to $1.7275. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.
Shares of Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) were down 21% to $9.87 after the company posted weaker-than-expected results for its second quarter.
Office Properties Income Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opi#NASDAQ">OPI</a>) was down, falling 39% to $3.7850 after the company reduced its quarterly dividend to $0.01 per share.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.9% to $72.02 while gold traded down 0.4% at $2,020.20.
Silver traded down 1.5% to $22.715 on Thursday while copper rose 0.1% to $3.7815.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.77%, London&rsquo;s FTSE 100 fell 0.98% while Spain&rsquo;s IBEX 35 Index fell 0.62% The German DAX fell 0.86% French CAC 40 fell 0.52% while Italy&rsquo;s FTSE MIB Index fell 0.66%.
Industrial production in Spain increased by 0.8% year-over-year in November, while Italy&rsquo;s industrial production declined by 1.5% month-over-month in November.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Thursday, with Japan&rsquo;s Nikkei 225 gaining 1.77%, Hong Kong&rsquo;s Hang Seng Index rising 1.27% and China&rsquo;s Shanghai Composite Index gaining 0.31%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, rose 0.1%.
China&#39;s vehicle sales jumped 23.5% year-over-year in December to 3.156 million units, following a 27.4% surge in November. The index of leading economic indicators in Japan fell to 107.7 in November versus a final reading of 108.9 in the earlier month, while index of coincident economic indicators fell to 114.5 in November compared to a final 115.9 a month ago. Reserve assets in Japan climbed to $1.295 trillion in December from $1.270 trillion a month ago, recording the highest level since July 2022.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
U.S. initial jobless claims declined by 1,000 from the prior week&rsquo;s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.
U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/24/01/36591788/chewy-to-rally-over-50-here-are-10-top-analyst-forecasts-for-thursday"> Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday</a>

Shares of TechTarget, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttgt#NASDAQ">TTGT</a>) rose sharply during Thursday&rsquo;s session after the company announced a strategic combination with Informa Tech&#39;s digital businesses.
TechTarget shares surged 14.4% to $40.34 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Atreca, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcel#NASDAQ">BCEL</a>) shares surged 128.2% to $0.2447 after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.</li>
<li>First Financial Northwest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) rose 53% to $20.94. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.</li>
<li>Moolec Science SA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlec#NASDAQ">MLEC</a>) gained 28.7% to $2.47.</li>
<li>E-Home Household Service Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ejh#NYSE">EJH</a>) gained 27% to $0.6677.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) gained 26% to $4.98.</li>
<li>SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) rose 25.6% to $2.45. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.</li>
<li>Transphorm, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgan#NASDAQ">TGAN</a>) surged 25.3% to $4.75 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.</li>
<li>Sagimet Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgmt#NASDAQ">SGMT</a>) gained 22.7% to $6.42.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) shares gained 22.2% to $2.97. Spectaire signed a distribution agreement with MLab and Mosolf to bring AireCore Emissions System in Europe.</li>
<li>Marti Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrt#NYSE">MRT</a>) shares gained 19.6% to $0.78. Marti announced up to $2.5 million share repurchase program.</li>
<li>Canaan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/can#NASDAQ">CAN</a>) shares rose 19.6% to $2.56 after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>Eightco Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/octo#NASDAQ">OCTO</a>) gained 17.2% to $0.5719</li>
<li>Future FinTech Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftft#NASDAQ">FTFT</a>) surged 15.4% to $1.5344 after declining more than 5% on Wednesday.</li>
<li>Bitcoin Depot Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btm#NASDAQ">BTM</a>) shares gained 12.8% to $2.98. Bitcoin Depot announced the expansion of its workforce with the hiring of more than a dozen new sales representatives.</li>
<li>BTCS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btcs#NASDAQ">BTCS</a>) gained 11.5% to $2.2550.</li>
<li>Bitfarms Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) rose 11.4% to $3.3450 amid strength in Bitcoin.</li>
<li>Eightco Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/octo#NASDAQ">OCTO</a>) gained 11.3% to $0.5429 after falling 5% on Wednesday.</li>
<li>Infinera Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) rose 10.2% to $5.05. Infinera expects preliminary 4Q23 revenue and net income per diluted share to be within or exceed the previously provided ranges of $421 million -$451 million and $0.05-$0.13.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) shares gained 9.3% to $8.35 amid strength in the price of Bitcoin.</li>
<li>Stronghold Digital Mining, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdig#NASDAQ">SDIG</a>) shares climbed 8.8% to $7.55. Shares of several crypto-related stocks traded higher after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>Bit Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btbt#NASDAQ">BTBT</a>) rose 8.2% to $3.7450 after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) climbed 8.1% to $2.29 after gaining over 4% on Wednesday.</li>
<li>The Lion Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lev#NYSE">LEV</a>) gained 7.3% to $1.90. Lion Electric secured $38 million grant for 97 school buses and related charging infrastructure.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares fell 42.7% to $1.6797. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.</li>
<li>Office Properties Income Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opi#NASDAQ">OPI</a>) fell 36% to $3.9650 after the company reduced its quarterly dividend to $0.01 per share.</li>
<li>YanGuFang International Group Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygf#NASDAQ">YGF</a>) fell 34.4% to $1.1880. YanGuFang International named Ya Zhang Interim CEO and Yang Sui as Interim CFO, effective as of Jan. 9, 2024.</li>
<li>180 Life Sciences Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atnf#NASDAQ">ATNF</a>) shares fell 25.5% to $0.2244. 180 Life Sciences was granted EU patent titled &quot;Method of Treating a Localized Fibrotic Disorder Using An Il-33 Antagonist.&quot;</li>
<li>Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) fell 20.7% to $9.91 after the company posted weaker-than-expected results for its second quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) shares fell 19.5% to $0.3466 after jumping 61% on Wednesday.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) dipped 18.4% to $2.31. Intuitive Machines entered into warrant exercise transaction for gross proceeds of $11.8 million.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) declined 15.2% to $18.32.</li>
<li>E2open Parent Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etwo#NYSE">ETWO</a>) fell 14.8% to $3.55.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) fell 12.2% to $12.61. Aspen Aerogels clocked preliminary Q4 revenue of $84 million, up 38% year over year.</li>
<li>Roadzen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdzn#NASDAQ">RDZN</a>) shares fell 9.1% to $4.52 after jumping 9% on Wednesday. Roadzen recently appointed Jean-No&euml;l Gallardo as CFO.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) fell 8.9% to $3.6787. Susquehanna analyst Biju Perincheril downgraded Plug Power from Positive to Neutral.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) declined 8.3% to $3.5650. Susquehanna analyst Biju Perincheril downgraded SunPower from Positive to Neutral and announced a $4 price target.</li>
<li>Amarin Corporation plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrn#NASDAQ">AMRN</a>) declined 8.1% to $1.1850.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) fell 7.2% to $33.00. Upstart CFO Sanjay Datta sold a total of 1,000 shares at an average price of $34.14.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report</a>

Why TechTarget Shares Are Trading Higher By Over 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 200 points on Thursday.
The Dow traded down 0.56% to 37,483.91 while the NASDAQ fell 0.86% to 14,840.28. The S&amp;P 500 also fell, dropping, 0.70% to 4,749.93.
Check This Out: <a href="https://www.benzinga.com/news/24/01/36591892/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares rose by 0.5% on Thursday.
In trading on Thursday, utilities shares fell by 1.9%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
First Financial Northwest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) shares shot up 49% to $20.33. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.
Shares of SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) got a boost, surging 29% to $2.5250. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.
Transphorm, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgan#NASDAQ">TGAN</a>) shares were also up, gaining 26% to $4.7650 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares dropped 40% to $1.77. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.
Shares of YanGuFang International Group Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygf#NASDAQ">YGF</a>) were down 24% to $1.3799. YanGuFang International named Ya Zhang AS Interim CEO and Yang Sui as Interim CFO, effective as of Jan. 9, 2024.
Office Properties Income Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opi#NASDAQ">OPI</a>) was down, falling 38% to $3.8550 after the company reduced its quarterly dividend to $0.01 per share.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 2.7% to $73.27 while gold traded up 0.3% at $2,033.90.
Silver traded down 0.7% to $22.915 on Thursday while copper rose 0.1% to $3.7820.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.48%, London&rsquo;s FTSE 100 fell 0.68% while Spain&rsquo;s IBEX 35 Index fell 0.35% The German DAX fell 0.56% French CAC 40 fell 0.25% while Italy&rsquo;s FTSE MIB Index fell 0.31%.
Industrial production in Spain increased by 0.8% year-over-year in November, while Italy&rsquo;s industrial production declined by 1.5% month-over-month in November.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Thursday, with Japan&rsquo;s Nikkei 225 gaining 1.77%, Hong Kong&rsquo;s Hang Seng Index rising 1.27% and China&rsquo;s Shanghai Composite Index gaining 0.31%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, rose 0.1%.
China&#39;s vehicle sales jumped 23.5% year-over-year in December to 3.156 million units, following a 27.4% surge in November. The index of leading economic indicators in Japan fell to 107.7 in November versus a final reading of 108.9 in the earlier month, while index of coincident economic indicators fell to 114.5 in November compared to a final 115.9 a month ago. Reserve assets in Japan climbed to $1.295 trillion in December from $1.270 trillion a month ago, recording the highest level since July 2022.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
U.S. initial jobless claims declined by 1,000 from the prior week&rsquo;s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.
Now Read This: <a href="https://www.benzinga.com/news/24/01/36591788/chewy-to-rally-over-50-here-are-10-top-analyst-forecasts-for-thursday"> Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday</a>

Dow Dips Over 200 Points; First Financial Northwest Shares Spike Higher

First Financial Northwest Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) shares are trading higher by 49% to $20.40 Thursday morning after the company&nbsp;announced a definitive agreement for Global Federal Credit Union to acquire First Financial Northwest Bank for $231.2 million in an <a href="https://www.benzinga.com/pressreleases/24/01/g36593975/global-credit-union-and-first-financial-northwest-inc-announce-agreement-for-global-credit-union-t">all-cash deal</a>.
What Else?
The boards of both institutions have unanimously approved the agreement. Following the acquisition, First Financial Northwest and its bank intend to wind down and dissolve. Shareholders of First Financial Northwest are expected to receive approximately $23.18 to $23.75 per share upon liquidation, subject to certain adjustments.
The transaction aims to expand Global&#39;s business and commercial services, enhance its branch presence in Western Washington, and provide First Financial Northwest Bank customers with access to Global&#39;s product offerings.
The deal is set to be completed in the fourth quarter of 2024, pending regulatory approvals and shareholder consent. Until then, both entities will continue business operations as usual.
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36592931/inflation-rises-more-than-expected-to-3-4-in-december-rattling-traders-betting-on">Inflation Rises More Than Expected To 3.4% In December</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, FFNW has a 52-week high of $22.17 and a 52-week low of $9.70.

What In The World Is Going On With First Financial Northwest (FFNW) Stock?

WIIM

First Financial Northwest shares are trading higher after the company announced First Financial Northwest Bank will be acquired by Global Credit Union.

Trading Halt: Halt status updated at 9:45:00 AM ET: Quotation Resumption: News and Resumption Times

Global Credit Union To Acquire First Financial Northwest Bank For All-Cash Consideration Of $231.2M

Trading Halt: Halted at 9:05:00 a.m. ET - Trading Halt: Halt News Pending

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.15 by 6.67 percent. This is a 62.79 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $9.70 million which missed the analyst consensus estimate of $9.93 million by 2.29 percent. This is a 23.70 percent decrease over sales of $12.72 million the same period last year.

First Financial Northwest Q3 EPS $0.16 Beats $0.15 Estimate, Sales $9.70M Miss $9.93M Estimate

Joseph W. Kiley III, President and CEO at First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>), reported a large exercise of company stock options on September 7, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001401564/000093905723000268//Archives/edgar/data/1401564/000093905723000268/0000939057-23-000268-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that III, President and CEO at First Financial Northwest, a company in the Financials sector, just exercised stock options worth 25,000 shares of FFNW stock with an exercise price of $10.69.
First Financial Northwest shares are trading down 1.01% at $12.71 at the time of this writing on Friday morning. Since the current price is $12.71, this makes III's 25,000 shares worth $317,750.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001401564">Check Out The Full List Of First Financial Northwest's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

First Financial Northwest President and CEO Acquires 25,000 Shares After Exercising Company Stock Options

First Financial Northwest, Inc. (the &quot;Company&quot;) (NASDAQ&nbsp;GS:&nbsp;FFNW), the holding company for First Financial Northwest Bank (the &quot;Bank&quot;), today announced that its Board of Directors has declared a quarterly cash dividend of&nbsp;$0.13&nbsp;per share on the Company&#39;s outstanding common stock. The cash dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023. 
&nbsp;
The Company also announced that its Board of Directors has authorized the repurchase of up to&nbsp;5%&nbsp;of the Company&#39;s outstanding common stock, or approximately 457,000 shares, on the open market or in privately negotiated transactions, in accordance with Rule 10b-18 of the Securities Exchange Act of 1934. The new stock repurchase plan will commence on or about August 10, 2023, and will expire no later than March 16, 2024. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations. As a result, there can be no assurance as to the exact number of shares, if any, that will be repurchased under the plan.
First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15&nbsp;full-service banking offices. For additional information about us, please visit our website at&nbsp;<a href="https://www.globenewswire.com/Tracker?data=8TIPA2n4jyzhwyLBu1BoVEgcQAgXkMed1F6kl52VaCqPp2qsegBFkGrQDQ-ot_L6urGkhCCJE0a3MevHTOWmdA==" target="_blank">ffnwb.com</a>&nbsp;and click on the &quot;Investor Relations&quot; link at the bottom of the page.

Dividends

Buybacks

First Financial Northwest, Inc. Declares Quarterly Cash Dividend Of $0.13 per Share; Announces Adoption Of New Stock Repurchase Plan Of Up To 5% Of The Co's Outstanding Common Stock Or 457,000 Shares

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.20 by 20 percent. This is a 48.39 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $10.31 million which missed the analyst consensus estimate of $10.90 million by 5.42 percent. This is a 12.81 percent decrease over sales of $11.82 million the same period last year.

First Financial Northwest Q2 EPS $0.16 Misses $0.20 Estimate, Sales $10.31M Miss $10.90M Estimate

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.20 by 20 percent. This is a 48.39 percent decrease over earnings of $0.31 per share from the same period last year.

First Financial Northwest Q2 EPS $0.16 Misses $0.20 Estimate

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) with a Market Perform and lowers the price target from $16 to $14.

Keefe, Bruyette & Woods Maintains Market Perform on First Financial Northwest, Lowers Price Target to $14

Bitfarms, First Financial Northwest among financial movers

These Financial Services stocks are trading higher:-First Financial Northwest Inc (FFNW) stock is trading at $20.25, a gain of $6.57, or 48.03%, on high volume.  First Financial Nort gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of

Financial Services Stocks Moving Thursday: FFNW, SAI, ETCG, BCHG, SBNY, RIOT, MARA, BITF

There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Swiss Re AG (SSREF – Research Report), First Financia...

Analysts Are Bullish on These Financial Stocks: Swiss Re AG (SSREF), First Financial Northwest (FFNW)

First Financial Northwest GAAP EPS of $0.13, revenue of $9.91M

In a report released yesterday, Wood Lay from KBW maintained a Hold rating on First Financial Northwest (FFNW – Research Report), with a price targ...

KBW Sticks to Their Hold Rating for First Financial Northwest (FFNW)

Piper Sandler analyst Andrew Liesch maintained a Buy rating on First Financial Northwest (FFNW – Research Report) today and set a price target of $...

Piper Sandler Keeps Their Buy Rating on First Financial Northwest (FFNW)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on First Commonwealth (FCF – Research Report), First F...

Analysts Offer Insights on Financial Companies: First Commonwealth (FCF), First Financial Northwest (FFNW) and Axos Financial (AX)

First Financial Northwest declares $0.13 dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of March 10

Dividend Champion, Contender, And Challenger Highlights: Week Of March 24

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