NEW YORK (TheStreet) -- Shares of First Financial Northwest (FFNW) finished higher 4.58% to $10.51 on Thursday after the company announced its board of directors has approved a quarterly cash dividend and stock repurchase program.
The board declared a quarterly cash dividend of 5 cents per share for the company's outstanding common stock.
The cash dividend will be paid to shareholders on June 20, 2014, as long as they are on record by the close of business June 6, 2014.
The board also authorized the repurchase of up to 1.65 million shares of common stock.
TheStreet Ratings team rates FIRST FINANCIAL NORTHWEST as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FIRST FINANCIAL NORTHWEST (FFNW) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: