First Financial Northwest (FFNW) Upgraded at Zacks Investment Research

First Financial Northwest (NASDAQ:FFNW) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Monday, January 8th. The brokerage presently has a $18.00 price target on the bank’s stock. Zacks Investment Research‘s price target suggests a potential upside of 8.70% from the company’s previous close.

According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price objective on shares of First Financial Northwest in a report on Friday, December 22nd.

First Financial Northwest (NASDAQ:FFNW) traded down $0.35 on Monday, reaching $16.56. The company had a trading volume of 11,800 shares, compared to its average volume of 14,250. The company has a market cap of $181.99, a P/E ratio of 19.03, a PEG ratio of 1.63 and a beta of 0.32. First Financial Northwest has a twelve month low of $14.83 and a twelve month high of $21.29. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The firm had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. sell-side analysts predict that First Financial Northwest will post 0.81 EPS for the current year.

Several institutional investors have recently bought and sold shares of FFNW. Bank of New York Mellon Corp raised its holdings in shares of First Financial Northwest by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock worth $1,362,000 after buying an additional 12,461 shares in the last quarter. LSV Asset Management bought a new stake in First Financial Northwest during the 2nd quarter worth $788,000. Teachers Advisors LLC grew its position in First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after acquiring an additional 1,240 shares during the last quarter. Context BH Capital Management LP grew its position in First Financial Northwest by 3.5% during the 2nd quarter. Context BH Capital Management LP now owns 167,698 shares of the bank’s stock worth $2,705,000 after acquiring an additional 5,599 shares during the last quarter. Finally, Menta Capital LLC grew its position in First Financial Northwest by 26.6% during the 2nd quarter. Menta Capital LLC now owns 18,830 shares of the bank’s stock worth $304,000 after acquiring an additional 3,954 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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About First Financial Northwest

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

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