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

First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.04 and traded as low as $21.32. First Financial Northwest shares last traded at $21.45, with a volume of 13,524 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on FFNW. StockNews.com upgraded First Financial Northwest from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. DA Davidson restated a "neutral" rating and issued a $22.00 target price on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Trading Down 0.2 %

The business has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $22.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $197.80 million, a price-to-earnings ratio of 194.84 and a beta of 0.52.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

Institutional Trading of First Financial Northwest

A number of hedge funds and other institutional investors have recently modified their holdings of FFNW. Empowered Funds LLC boosted its position in First Financial Northwest by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank's stock valued at $481,000 after buying an additional 1,072 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of 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 acquiring an additional 2,317 shares during the period. Captrust Financial Advisors acquired a new stake in First Financial Northwest in the third quarter worth about $789,000. State Street Corp lifted its position in First Financial Northwest by 2.7% during the 3rd quarter. State Street Corp now owns 87,417 shares of the bank's stock valued at $1,969,000 after purchasing an additional 2,312 shares during the period. Finally, Western Standard LLC bought a new position in shares of First Financial Northwest in the 3rd quarter valued at about $5,368,000. 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.