First Financial Northwest (NASDAQ:FFNW) Given Neutral Rating at DA Davidson

DA Davidson restated their neutral rating on shares of First Financial Northwest (NASDAQ:FFNW) in a report released on Thursday morning,Benzinga reports. DA Davidson currently has a $22.00 price objective on the bank’s stock. DA Davidson also issued estimates for First Financial Northwest’s Q1 2025 earnings at $0.05 EPS.

Separately, StockNews.com upgraded shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday.

First Financial Northwest Trading Down 1.2 %

FFNW opened at $21.36 on Thursday. The stock has a 50-day moving average of $21.67 and a 200 day moving average of $22.09. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest has a 12 month low of $20.10 and a 12 month high of $23.50. The firm has a market cap of $197.15 million, a P/E ratio of 194.20 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last announced its 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 return on equity of 0.67% and a net margin of 1.34%. As a group, research analysts forecast that First Financial Northwest will post 0.27 EPS for the current year.

Institutional Investors Weigh In On First Financial Northwest

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew 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 acquiring an additional 1,072 shares during the last quarter. State Street Corp boosted its stake in shares of First Financial Northwest by 2.7% during the third 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. MetLife Investment Management LLC grew its holdings in shares of First Financial Northwest by 129.0% in the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after purchasing an additional 2,317 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after buying an additional 5,013 shares during the period. Finally, Barclays PLC lifted its holdings in First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after buying an additional 6,689 shares in the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

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.