First Financial Northwest (NASDAQ:FFNW) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

First Financial Northwest, Inc. (NASDAQ:FFNW) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.05 and traded as low as $21.48. First Financial Northwest shares last traded at $21.66, with a volume of 11,494 shares.

Analyst Ratings Changes

FFNW has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a report on Thursday, January 30th. StockNews.com upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

First Financial Northwest Trading Up 0.7 %

The firm’s 50 day moving average is $21.49 and its 200 day moving average is $22.05. 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 $199.92 million, a PE ratio of 196.93 and a beta of 0.52.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. On average, equities analysts anticipate that First Financial Northwest, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of First Financial Northwest

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in First Financial Northwest by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock valued at $1,298,000 after purchasing an additional 2,182 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of First Financial Northwest in the 4th quarter worth $603,000. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 5,013 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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. Finally, Western Standard LLC purchased a new position in First Financial Northwest in the third quarter worth $5,368,000. Institutional investors own 55.00% of the company’s stock.

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.