Bank of New York Mellon Corp Has $1.30 Million Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

Bank of New York Mellon Corp grew its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,796 shares of the bank’s stock after acquiring an additional 2,182 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Financial Northwest were worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC grew its position in shares of First Financial Northwest by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after purchasing an additional 2,317 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after purchasing an additional 5,013 shares in the last quarter. Barclays PLC grew its position in shares of First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after purchasing an additional 6,689 shares in the last quarter. Empowered Funds LLC grew its position in shares of First Financial Northwest by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of First Financial Northwest during the 4th quarter worth approximately $603,000. Institutional investors and hedge funds own 55.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. DA Davidson reiterated a “neutral” rating and set a $22.00 price target on shares of First Financial Northwest in a research report on Thursday, January 30th. StockNews.com upgraded 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 Performance

NASDAQ FFNW opened at $22.64 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $208.97 million, a price-to-earnings ratio of 205.84 and a beta of 0.51. The firm’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $21.93. First Financial Northwest, Inc. has a 1 year low of $18.03 and a 1 year high of $23.50.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. As a group, research analysts expect that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

First Financial Northwest 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.