StockNews.com Downgrades First Financial Northwest (NASDAQ:FFNW) to Sell

First Financial Northwest (NASDAQ:FFNW) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Separately, DA Davidson reiterated a “neutral” rating and issued a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Stock Down 0.1 %

NASDAQ FFNW opened at $22.68 on Monday. The business has a fifty day moving average price of $21.36 and a 200 day moving average price of $21.93. 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 company has a market cap of $209.34 million, a P/E ratio of 206.20 and a beta of 0.51. First Financial Northwest has a one year low of $18.03 and a one year high of $23.50.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that First Financial Northwest will post 0.3 EPS for the current fiscal year.

Institutional Trading of First Financial Northwest

A number of large investors have recently bought and sold shares of FFNW. Western Standard LLC raised its position in First Financial Northwest by 285.1% during the 4th quarter. Western Standard LLC now owns 917,940 shares of the bank’s stock worth $19,919,000 after buying an additional 679,593 shares during the last quarter. Cigogne Management SA purchased a new stake in shares of First Financial Northwest in the fourth quarter valued at $3,821,000. Credit Industriel ET Commercial purchased a new position in shares of First Financial Northwest during the 4th quarter worth about $2,930,000. State Street Corp grew its stake in shares of First Financial Northwest by 2.7% during the 3rd 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 period. Finally, Mariner LLC lifted its position in First Financial Northwest by 6.9% during the fourth quarter. Mariner LLC now owns 80,485 shares of the bank’s stock valued at $1,747,000 after buying an additional 5,193 shares in the last quarter. Institutional investors and hedge funds 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.