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

First Financial Northwest, Inc. (NASDAQ:FFNW) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.84 and traded as high as $22.32. First Financial Northwest shares last traded at $22.28, with a volume of 21,375 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FFNW shares. Piper Sandler downgraded shares of First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 target price for the company. in a research report on Friday, July 26th. StockNews.com lowered First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

First Financial Northwest Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day moving average price is $22.55 and its 200 day moving average price is $21.84. The firm has a market cap of $205.64 million, a PE ratio of 202.56 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last posted 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 firm had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts expect that First Financial Northwest, Inc. will post 0.09 earnings per share for the current year.

Institutional Trading of First Financial Northwest

Large investors have recently bought and sold shares of the business. Western Standard LLC purchased a new stake in shares of First Financial Northwest in the third quarter valued at approximately $5,368,000. Black Maple Capital Management LP grew its holdings in First Financial Northwest by 45.8% in the 1st quarter. Black Maple Capital Management LP now owns 141,677 shares of the bank’s stock valued at $2,913,000 after buying an additional 44,494 shares in the last quarter. Captrust Financial Advisors purchased a new stake in First Financial Northwest in the 3rd quarter valued at $789,000. Vanguard Group Inc. increased its position in First Financial Northwest by 6.2% during the first quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock worth $7,575,000 after purchasing an additional 21,447 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in First Financial Northwest by 45.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock valued at $1,336,000 after purchasing an additional 19,670 shares during the last quarter. Hedge funds and other institutional investors 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.