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

First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.76 and traded as high as $22.66. First Financial Northwest shares last traded at $22.02, with a volume of 40,403 shares traded.

Analysts Set New Price Targets

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

First Financial Northwest Trading Down 2.2 %

The stock has a 50-day moving average of $22.60 and a 200 day moving average of $21.76. The stock has a market cap of $202.14 million, a PE ratio of 200.20 and a beta of 0.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10.

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

Institutional Investors Weigh In On First Financial Northwest

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers purchased a new position in First Financial Northwest in the second quarter valued at $188,000. Commonwealth Equity Services LLC raised its stake in shares of First Financial Northwest by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank's stock worth $253,000 after buying an additional 1,069 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of First Financial Northwest in the third quarter valued at $312,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in First Financial Northwest during the second quarter worth approximately $403,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in First Financial Northwest in the 2nd quarter worth about $411,000. Hedge funds and other institutional investors own 55.00% of the company's stock.

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.