First Financial Northwest (NASDAQ:FFNW) Stock Crosses Above 200 Day Moving Average - What's Next?

First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.61 and traded as high as $22.92. First Financial Northwest shares last traded at $22.70, with a volume of 13,944 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on FFNW shares. Piper Sandler cut First Financial Northwest from an "overweight" rating to a "neutral" rating and set a $23.50 target price on the stock. in a report on Friday, July 26th. StockNews.com upgraded shares of First Financial Northwest from a "sell" rating to a "hold" rating in a research report on Friday, October 11th.

First Financial Northwest Stock Performance

The stock has a market capitalization of $208.39 million, a price-to-earnings ratio of 66.76 and a beta of 0.53. The company has a 50 day simple moving average of $22.58 and a 200-day simple moving average of $21.61. 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 issued its earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. The business had revenue of $19.99 million for the quarter, compared to analyst estimates of $9.60 million. As a group, equities research analysts expect that First Financial Northwest, Inc. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On First Financial Northwest

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

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.