Empowered Funds LLC Has $481,000 Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

Empowered Funds LLC raised its position in First Financial Northwest, Inc. (NASDAQ:FFNW) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 owned 0.23% of First Financial Northwest worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Rhumbline Advisers acquired a new stake in First Financial Northwest in the second quarter valued at $188,000. Commonwealth Equity Services LLC grew its holdings in First Financial Northwest by 9.8% during 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 during the period. B.O.S.S. Retirement Advisors LLC acquired a new position in First Financial Northwest during the third quarter worth approximately $312,000. Skandinaviska Enskilda Banken AB publ bought a new stake in First Financial Northwest in the second quarter valued at approximately $403,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of First Financial Northwest in the second quarter valued at approximately $411,000. 55.00% of the stock is currently owned by institutional investors.

First Financial Northwest Stock Performance

Shares of FFNW stock opened at $22.71 on Monday. First Financial Northwest, Inc. has a one year low of $11.20 and a one year high of $23.50. 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 has a 50-day moving average of $22.54 and a 200-day moving average of $21.91. The company has a market cap of $209.61 million, a P/E ratio of 206.47 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $20.09 million for the quarter, compared to analysts’ expectations of $9.49 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities research analysts forecast that First Financial Northwest, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.