First Financial Northwest (NASDAQ:FFNW) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.93 and traded as high as $22.76. First Financial Northwest shares last traded at $22.66, with a volume of 70,877 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. DA Davidson reiterated a "neutral" rating and issued a $22.00 target price on shares of First Financial Northwest in a research note on Thursday, January 30th. StockNews.com cut shares of First Financial Northwest from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

First Financial Northwest Stock Down 0.2 %

The stock has a market cap of $208.46 million, a P/E ratio of 205.38 and a beta of 0.51. The firm has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $21.93. The company has a current ratio of 1.04, a quick 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 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%. Equities research analysts expect that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On First Financial Northwest

Hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in First Financial Northwest by 129.0% during the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank's stock valued at $93,000 after buying an additional 2,317 shares during the period. Wells Fargo & Company MN lifted its position in First Financial Northwest by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock valued at $128,000 after purchasing an additional 898 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Financial Northwest by 167.3% in the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock valued at $180,000 after acquiring an additional 5,013 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Financial Northwest by 29.9% during the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank's stock valued at $196,000 after buying an additional 2,079 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock worth $206,000 after acquiring an additional 6,689 shares during the last quarter. Institutional investors and hedge funds own 55.00% of the company's stock.

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.