First Financial Northwest (NASDAQ:FFNW) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.84 and traded as high as $22.32. First Financial Northwest shares last traded at $22.28, with a volume of 21,375 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FFNW shares. StockNews.com cut shares of First Financial Northwest from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Piper Sandler cut shares of First Financial Northwest from an "overweight" rating to a "neutral" rating and set a $23.50 target price for the company. in a report on Friday, July 26th.

First Financial Northwest Stock Down 0.1 %

The business has a fifty day moving average price of $22.55 and a two-hundred day moving average price of $21.85. The firm has a market cap of $205.37 million, a PE ratio of 202.56 and a beta of 0.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.14). The company had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, analysts anticipate that First Financial Northwest, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock worth $206,000 after purchasing an additional 6,689 shares during the last quarter. Western Standard LLC acquired a new position in First Financial Northwest during the third quarter worth $5,368,000. State Street Corp raised its holdings in First Financial Northwest by 2.7% during the third quarter. State Street Corp now owns 87,417 shares of the bank's stock valued at $1,969,000 after buying an additional 2,312 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of First Financial Northwest in the third quarter worth about $789,000. Finally, MetLife Investment Management LLC boosted its stake in shares of First Financial Northwest by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank's stock worth $93,000 after acquiring an additional 2,317 shares in the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

About First Financial Northwest

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.