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

StockNews.com downgraded shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a research report released on Monday.

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

First Financial Northwest Stock Performance

First Financial Northwest stock opened at $22.71 on Monday. The firm has a 50 day simple moving average of $21.40 and a 200-day simple moving average of $21.93. The stock has a market cap of $209.61 million, a price-to-earnings ratio of 206.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. First Financial Northwest 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 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. On average, analysts expect that First Financial Northwest will post 0.3 EPS for the current year.

Institutional Investors Weigh In On First Financial Northwest

A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in First Financial Northwest by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock valued at $128,000 after acquiring an additional 898 shares during the period. Empowered Funds LLC boosted its stake in shares of First Financial Northwest by 5.3% in the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock valued at $481,000 after purchasing an additional 1,072 shares during the period. Barclays PLC grew its holdings in shares of First Financial Northwest by 15.3% in the fourth quarter. Barclays PLC now owns 10,538 shares of the bank’s stock valued at $229,000 after purchasing an additional 1,398 shares in the last quarter. Bank of America Corp DE increased its stake in First Financial Northwest by 29.9% during the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock worth $196,000 after buying an additional 2,079 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in First Financial Northwest by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock valued at $1,298,000 after buying an additional 2,182 shares during the period. 55.00% of the stock is owned by institutional investors and hedge funds.

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.