Renaissance Technologies LLC Lowers Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

Renaissance Technologies LLC lowered its stake in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,653 shares of the bank's stock after selling 30,348 shares during the period. Renaissance Technologies LLC owned approximately 5.38% of First Financial Northwest worth $10,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in First Financial Northwest by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock valued at $128,000 after buying an additional 898 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $180,000 after purchasing an additional 5,013 shares during the period. Barclays PLC raised its stake in First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after purchasing an additional 6,689 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of First Financial Northwest in the fourth quarter worth approximately $477,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in First Financial Northwest during the fourth quarter valued at $603,000. 55.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

First Financial Northwest Trading Up 0.1 %

NASDAQ FFNW traded up $0.03 on Friday, reaching $22.84. The company had a trading volume of 43,213 shares, compared to its average volume of 42,329. The firm has a market cap of $210.77 million, a price-to-earnings ratio of 207.66 and a beta of 0.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average of $21.92 and a two-hundred day moving average of $21.96. First Financial Northwest, Inc. has a fifty-two week low of $18.03 and a fifty-two week high of $23.50.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.34% and a return on equity of 0.67%. Analysts forecast that First Financial Northwest, Inc. will post 0.3 EPS for the current 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.