First Financial Northwest (NASDAQ:FFNW) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Separately, 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 research report on Friday, July 26th.

First Financial Northwest Trading Down 0.2 %

Shares of NASDAQ:FFNW opened at $22.70 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.72. First Financial Northwest has a 12-month low of $10.09 and a 12-month high of $22.88. The business has a 50 day moving average of $21.69 and a two-hundred day moving average of $21.07. The company has a market capitalization of $208.25 million, a PE ratio of 68.79 and a beta of 0.54.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The firm had revenue of $19.99 million during the quarter, compared to analysts’ expectations of $9.60 million. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. As a group, analysts forecast that First Financial Northwest will post 0.27 EPS for the current year.

Hedge Funds Weigh In On First Financial Northwest

Large investors have recently added to or reduced their stakes in the stock. Choreo LLC increased its stake in shares of First Financial Northwest by 15.6% during the fourth quarter. Choreo LLC now owns 19,280 shares of the bank’s stock worth $260,000 after purchasing an additional 2,600 shares in the last quarter. Strategic Value Bank Partners LLC raised its holdings in shares of First Financial Northwest by 6.4% during the fourth quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock valued at $6,788,000 after acquiring an additional 30,468 shares during the last quarter. Black Maple Capital Management LP raised its holdings in shares of First Financial Northwest by 86.1% during the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock valued at $1,310,000 after acquiring an additional 44,952 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of First Financial Northwest by 6.2% in the first quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock valued at $7,575,000 after acquiring an additional 21,447 shares in the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of First Financial Northwest in the second quarter worth approximately $411,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

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.