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

First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.05 and traded as low as $21.48. First Financial Northwest shares last traded at $21.66, with a volume of 11,494 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com raised First Financial Northwest from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. 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.

First Financial Northwest Trading Down 0.7 %

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $196.97 million, a P/E ratio of 194.02 and a beta of 0.52. The business's fifty day simple moving average is $21.43 and its two-hundred day simple moving average is $22.04.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. As a group, analysts forecast that First Financial Northwest, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On First Financial Northwest

A number of hedge funds have recently made changes to their positions in the company. Western Standard LLC acquired a new position in shares of First Financial Northwest in the 3rd quarter worth approximately $5,368,000. Cigogne Management SA acquired a new position in First Financial Northwest in the fourth quarter worth $3,821,000. Credit Industriel ET Commercial bought a new stake in shares of First Financial Northwest during the fourth quarter worth $2,930,000. Captrust Financial Advisors acquired a new stake in shares of First Financial Northwest in the third quarter valued at $789,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in First Financial Northwest during the 4th quarter worth about $603,000. 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.