First Financial Northwest (NASDAQ:FFNW) Share Price Passes Above 200 Day Moving Average - What's Next?

First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.94 and traded as high as $22.76. First Financial Northwest shares last traded at $22.67, with a volume of 51,831 shares changing hands.

Analysts Set New Price Targets

FFNW has been the subject of a number of research analyst reports. StockNews.com upgraded First Financial Northwest from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. DA Davidson restated a "neutral" rating and issued a $22.00 price target on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Stock Up 0.3 %

The firm's 50 day simple moving average is $21.29 and its two-hundred day simple moving average is $21.93. The firm has a market cap of $209.52 million, a price-to-earnings ratio of 206.38 and a beta of 0.51. 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 issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. On average, equities analysts forecast that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

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Institutional Investors Weigh In On First Financial Northwest

A number of large investors have recently bought and sold shares of FFNW. Empowered Funds LLC lifted its holdings in shares of First Financial Northwest by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank's stock worth $481,000 after acquiring an additional 1,072 shares during the period. MetLife Investment Management LLC raised 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 purchasing an additional 2,317 shares in the last quarter. Captrust Financial Advisors bought a new stake in First Financial Northwest during the third quarter worth $789,000. State Street Corp lifted its stake in 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 last quarter. Finally, Western Standard LLC acquired a new stake in shares of First Financial Northwest in the 3rd quarter valued at $5,368,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

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.