Geode Capital Management LLC Lowers Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

Geode Capital Management LLC reduced its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,924 shares of the bank’s stock after selling 9,735 shares during the period. Geode Capital Management LLC owned about 1.86% of First Financial Northwest worth $3,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Western Standard LLC purchased a new stake in shares of First Financial Northwest during the third quarter worth approximately $5,368,000. Captrust Financial Advisors acquired a new position in First Financial Northwest during the 3rd quarter worth approximately $789,000. Bank of New York Mellon Corp increased its position in shares of 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. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of First Financial Northwest in the 2nd quarter valued at $403,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of First Financial Northwest during the 3rd quarter worth $312,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

First Financial Northwest Stock Down 1.8 %

FFNW stock opened at $21.12 on Tuesday. The stock has a market cap of $194.94 million, a P/E ratio of 192.02 and a beta of 0.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest, Inc. has a twelve month low of $13.16 and a twelve month high of $23.50. The company’s 50 day moving average is $22.15 and its two-hundred day moving average is $22.10.

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 the consensus estimate of $0.07 by ($0.14). First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. The company had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. Research analysts expect that First Financial Northwest, Inc. will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.