Allspring Global Investments Holdings LLC Makes New Investment in First Financial Northwest, Inc. (NASDAQ:FFNW)

Allspring Global Investments Holdings LLC purchased a new position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,803 shares of the bank's stock, valued at approximately $603,000. Allspring Global Investments Holdings LLC owned about 0.30% of First Financial Northwest at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in First Financial Northwest by 5.3% in the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank's stock valued at $481,000 after buying an additional 1,072 shares during the period. MetLife Investment Management LLC raised its position in shares of First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank's stock valued at $93,000 after acquiring an additional 2,317 shares during the period. Captrust Financial Advisors bought a new position in First Financial Northwest during the 3rd quarter worth approximately $789,000. State Street Corp boosted its stake in First Financial Northwest by 2.7% during the 3rd quarter. State Street Corp now owns 87,417 shares of the bank's stock worth $1,969,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Western Standard LLC acquired a new position in First Financial Northwest during the third quarter valued at approximately $5,368,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FFNW. DA Davidson reissued a "neutral" rating and set a $22.00 price target on shares of First Financial Northwest in a research report on Thursday, January 30th. StockNews.com raised First Financial Northwest from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th.

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First Financial Northwest Stock Up 0.6 %

FFNW stock traded up $0.12 during mid-day trading on Friday, hitting $21.30. 59,939 shares of the company were exchanged, compared to its average volume of 23,121. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest, Inc. has a 1-year low of $20.10 and a 1-year high of $23.50. The firm's 50 day simple moving average is $21.29 and its 200 day simple moving average is $22.04. The firm has a market cap of $196.60 million, a P/E ratio of 193.65 and a beta of 0.52.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. On average, sell-side analysts predict that First Financial Northwest, Inc. will post 0.3 EPS for the current fiscal year.

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, savings accounts, and certificates of deposit.