Cigogne Management SA Makes New Investment in First Financial Northwest, Inc. (NASDAQ:FFNW)

Cigogne Management SA acquired a new stake in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 176,102 shares of the bank's stock, valued at approximately $3,821,000. First Financial Northwest comprises 2.3% of Cigogne Management SA's portfolio, making the stock its 11th largest holding. Cigogne Management SA owned approximately 1.91% of First Financial Northwest as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in FFNW. Mariner LLC grew its holdings in First Financial Northwest by 6.9% during the 4th quarter. Mariner LLC now owns 80,485 shares of the bank's stock valued at $1,747,000 after purchasing an additional 5,193 shares during the last quarter. Barclays PLC grew its stake in shares of First Financial Northwest by 15.3% during the fourth quarter. Barclays PLC now owns 10,538 shares of the bank's stock valued at $229,000 after buying an additional 1,398 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Financial Northwest by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock worth $128,000 after buying an additional 898 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of First Financial Northwest during the 4th quarter worth approximately $477,000. Finally, JPMorgan Chase & Co. boosted its holdings in First Financial Northwest by 198.6% during the 4th quarter. JPMorgan Chase & Co. now owns 23,912 shares of the bank's stock valued at $519,000 after acquiring an additional 15,903 shares during the period. Hedge funds and other institutional investors own 55.00% of the company's stock.

First Financial Northwest Price Performance

Shares of NASDAQ:FFNW opened at $22.56 on Thursday. The business's 50 day moving average is $21.99 and its 200 day moving average is $21.96. The stock has a market cap of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. First Financial Northwest, Inc. has a 52-week low of $18.03 and a 52-week high of $23.50. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FFNW. StockNews.com lowered First Financial Northwest from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. DA Davidson reiterated a "neutral" rating and set a $22.00 price objective on shares of First Financial Northwest in a report on Thursday, January 30th.

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.

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