Arrowstreet Capital Limited Partnership Takes Position in First Financial Northwest, Inc. (NASDAQ:FFNW)

Arrowstreet Capital Limited Partnership purchased a new position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,959 shares of the bank's stock, valued at approximately $477,000. Arrowstreet Capital Limited Partnership owned approximately 0.24% of First Financial Northwest at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock worth $180,000 after acquiring an additional 5,013 shares in the last quarter. Barclays PLC increased its stake in First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after buying an additional 6,689 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of First Financial Northwest during the 4th quarter worth approximately $603,000. Bank of New York Mellon Corp boosted its stake in shares of First Financial Northwest by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank's stock worth $1,298,000 after buying an additional 2,182 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank's stock valued at $1,969,000 after acquiring an additional 2,312 shares in the last quarter. 55.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson reissued a "neutral" rating and issued a $22.00 price objective on shares of First Financial Northwest in a research report on Thursday, January 30th. StockNews.com downgraded shares of First Financial Northwest from a "hold" rating to a "sell" rating in a report on Monday, March 24th.

First Financial Northwest Stock Performance

NASDAQ:FFNW traded up $0.09 during trading hours on Thursday, reaching $22.90. The stock had a trading volume of 7,174 shares, compared to its average volume of 42,033. The stock has a market cap of $211.32 million, a P/E ratio of 207.97 and a beta of 0.25. The stock has a 50 day simple moving average of $21.87 and a 200 day simple moving average of $21.95. 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 12-month low of $18.03 and a 12-month high of $23.50.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. On average, research analysts forecast 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.