MetLife Investment Management LLC Boosts Stake in First Financial Northwest, Inc. (NASDAQ:FFNW)

MetLife Investment Management LLC lifted its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) by 129.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,113 shares of the bank’s stock after purchasing an additional 2,317 shares during the period. MetLife Investment Management LLC’s holdings in First Financial Northwest were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FFNW. Empowered Funds LLC boosted its holdings in First Financial Northwest by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after buying an additional 1,072 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new position in First Financial Northwest in the 3rd quarter worth $312,000. Skandinaviska Enskilda Banken AB publ bought a new position in First Financial Northwest in the 2nd quarter worth $403,000. Rhumbline Advisers bought a new position in First Financial Northwest in the 2nd quarter worth $188,000. Finally, Commonwealth Equity Services LLC boosted its holdings in First Financial Northwest by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after buying an additional 1,069 shares during the period. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

First Financial Northwest Price Performance

FFNW opened at $22.31 on Wednesday. The firm has a 50-day simple moving average of $22.53 and a two-hundred day simple moving average of $22.01. First Financial Northwest, Inc. has a 52 week low of $12.24 and a 52 week high of $23.50. The company has a market capitalization of $205.92 million, a PE ratio of 202.82 and a beta of 0.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.14). First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. The company had revenue of $20.09 million for the quarter, compared to the consensus estimate of $9.49 million. During the same period last year, the company earned $0.16 EPS. Analysts forecast that First Financial Northwest, Inc. will post 0.09 earnings per share for the current fiscal year.

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.