Empowered Funds LLC Acquires 1,072 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

Empowered Funds LLC increased its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,348 shares of the bank’s stock after purchasing an additional 1,072 shares during the quarter. Empowered Funds LLC’s holdings in First Financial Northwest were worth $481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rhumbline Advisers purchased a new stake in First Financial Northwest in the 2nd quarter worth approximately $188,000. Commonwealth Equity Services LLC increased its stake in shares of First Financial Northwest by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after purchasing an additional 1,069 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of First Financial Northwest during the 3rd quarter valued at $312,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of First Financial Northwest during the 2nd quarter valued at $403,000. Finally, Clear Harbor Asset Management LLC bought a new position in First Financial Northwest in the 2nd quarter worth $411,000. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

First Financial Northwest Price Performance

Shares of NASDAQ FFNW opened at $22.71 on Monday. 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 firm’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $21.91. First Financial Northwest, Inc. has a 12 month low of $11.20 and a 12 month high of $23.50. The stock has a market capitalization of $209.61 million, a price-to-earnings ratio of 206.47 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Tuesday, October 29th. The bank reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The company had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. During the same period last year, the business earned $0.16 earnings per share. Analysts expect that First Financial Northwest, Inc. will post 0.09 EPS for the current year.

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.