First Financial Northwest (NASDAQ:FFNW) Stock Price Passes Above Two Hundred Day Moving Average of $19.56

First Financial Northwest, Inc. (NASDAQ:FFNW)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.56 and traded as high as $20.74. First Financial Northwest shares last traded at $20.68, with a volume of 55,840 shares traded.

First Financial Northwest Stock Performance

The stock’s 50-day simple moving average is $20.83 and its 200-day simple moving average is $19.56. The stock has a market cap of $189.64 million, a price-to-earnings ratio of 62.67 and a beta of 0.51. 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 (NASDAQ:FFNW) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.21). The firm had revenue of $9.69 million for the quarter, compared to analyst estimates of $9.93 million. First Financial Northwest had a return on equity of 1.94% and a net margin of 3.78%. Analysts forecast that First Financial Northwest, Inc. will post 0.25 earnings per share for the current fiscal year.

First Financial Northwest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, June 7th. First Financial Northwest’s payout ratio is currently 157.58%.

Hedge Funds Weigh In On First Financial Northwest

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in First Financial Northwest during the fourth quarter worth $117,000. Choreo LLC increased its stake in First Financial Northwest by 15.6% in the fourth quarter. Choreo LLC now owns 19,280 shares of the bank’s stock valued at $260,000 after purchasing an additional 2,600 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in First Financial Northwest in the third quarter valued at $324,000. Black Maple Capital Management LP increased its stake in First Financial Northwest by 86.1% in the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock valued at $1,310,000 after purchasing an additional 44,952 shares in the last quarter. Finally, Strategic Value Bank Partners LLC increased its stake in First Financial Northwest by 6.4% in the fourth quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock valued at $6,788,000 after purchasing an additional 30,468 shares in the last quarter. 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.