First Financial Northwest (NASDAQ:FFNW) Shares Cross Above 200 Day Moving Average – Time to Sell?

First Financial Northwest, Inc. (NASDAQ:FFNW)’s share price crossed 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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FFNW shares. StockNews.com raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. DA Davidson reissued a “neutral” rating and issued a $22.00 price target on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Price Performance

The firm has a 50-day moving average of $21.25 and a 200-day moving average of $21.94. 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 firm has a market capitalization of $209.24 million, a P/E ratio of 206.11 and a beta of 0.51.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (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%. As a group, analysts predict that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FFNW. Allspring Global Investments Holdings LLC purchased a new position in shares of First Financial Northwest during the 4th quarter valued at about $603,000. Captrust Financial Advisors purchased a new stake in shares of First Financial Northwest during the third quarter worth about $789,000. State Street Corp raised its position in shares of First Financial Northwest by 2.7% during the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after buying an additional 2,312 shares during the last quarter. Western Standard LLC bought a new stake in First Financial Northwest in the 3rd quarter valued at $5,368,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of First Financial Northwest by 167.3% in the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after purchasing an additional 5,013 shares during the last quarter. 55.00% of the stock is currently owned by institutional investors.

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.