First Financial Northwest (NASDAQ:FFNW) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.94 and traded as high as $22.76. First Financial Northwest shares last traded at $22.67, with a volume of 51,831 shares.

Analyst Ratings Changes

FFNW has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $22.00 price objective on shares of First Financial Northwest in a report on Thursday, January 30th. StockNews.com raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th.

First Financial Northwest Stock Down 0.1 %

The company has a market capitalization of $208.97 million, a P/E ratio of 205.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day moving average price of $21.29 and a 200 day moving average price of $21.94.

First Financial Northwest (NASDAQ:FFNW) last released 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%. Equities research analysts forecast that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Financial Northwest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its stake in 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 period. Wells Fargo & Company MN grew its holdings in First Financial Northwest by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock valued at $128,000 after buying an additional 898 shares in the last quarter. JPMorgan Chase & Co. grew 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 buying an additional 5,013 shares in the last quarter. Bank of America Corp DE grew its holdings in First Financial Northwest by 29.9% during the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock valued at $196,000 after buying an additional 2,079 shares in the last quarter. Finally, Barclays PLC grew 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 institutional investors.

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.