First Financial Northwest (NASDAQ:FFNW) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.06 and traded as low as $21.42. First Financial Northwest shares last traded at $21.46, with a volume of 17,189 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered First Financial Northwest from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

First Financial Northwest Stock Performance

The stock's 50-day moving average price is $22.27 and its 200 day moving average price is $22.07. The firm has a market cap of $198.08 million, a P/E ratio of 195.11 and a beta of 0.52. 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 issued 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 business had revenue of $20.09 million for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.16 earnings per share. As a group, equities analysts predict that First Financial Northwest, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On First Financial Northwest

A number of institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in First Financial Northwest by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank's stock valued at $253,000 after buying an additional 1,069 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of First Financial Northwest by 5.3% during the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank's stock worth $481,000 after purchasing an additional 1,072 shares during the period. State Street Corp increased its holdings in shares of First Financial Northwest by 2.7% during the third quarter. State Street Corp now owns 87,417 shares of the bank's stock worth $1,969,000 after purchasing an additional 2,312 shares during the period. MetLife Investment Management LLC raised its position in shares of First Financial Northwest by 129.0% in 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 5,013 shares during the period. 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.