StockNews.com upgraded shares of First Financial Northwest (NASDAQ:FFNW - Free Report) from a sell rating to a hold rating in a research report report published on Wednesday morning.
First Financial Northwest Price Performance
Shares of NASDAQ FFNW traded down $0.22 during midday trading on Wednesday, hitting $21.14. 20,846 shares of the company's stock were exchanged, compared to its average volume of 24,394. 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 business's fifty day moving average price is $21.62 and its two-hundred day moving average price is $22.08. The company has a market cap of $195.12 million, a price-to-earnings ratio of 192.20 and a beta of 0.53. First Financial Northwest has a 12-month low of $20.10 and a 12-month high of $23.50.
First Financial Northwest (NASDAQ:FFNW - Get Free Report) last issued its quarterly earnings results 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, research analysts forecast that First Financial Northwest will post 0.27 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Empowered Funds LLC raised 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 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% in the third quarter. State Street Corp now owns 87,417 shares of the bank's stock worth $1,969,000 after buying an additional 2,312 shares during the period. MetLife Investment Management LLC lifted its stake in shares of First Financial Northwest by 129.0% in the 3rd 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 last quarter. JPMorgan Chase & Co. boosted its holdings in First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock valued at $180,000 after acquiring an additional 5,013 shares during the period. Finally, Barclays PLC grew its position in First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock worth $206,000 after acquiring an additional 6,689 shares during the last quarter. 55.00% of the stock is owned by hedge funds and other institutional investors.
About First Financial Northwest
(
Get Free Report)
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.
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