StockNews.com Upgrades First Financial Northwest (NASDAQ:FFNW) to “Hold”

First Financial Northwest (NASDAQ:FFNW) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

First Financial Northwest Trading Down 1.2 %

Shares of First Financial Northwest stock opened at $21.36 on Wednesday. The company’s fifty day moving average price is $21.67 and its two-hundred day moving average price is $22.09. The firm has a market capitalization of $197.15 million, a PE ratio of 194.20 and a beta of 0.53. First Financial Northwest has a 52-week low of $20.10 and a 52-week 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.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. On average, analysts expect that First Financial Northwest will post 0.09 EPS for the current year.

Institutional Trading of First Financial Northwest

Several institutional investors have recently bought and sold shares of the stock. Western Standard LLC bought a new position in shares of First Financial Northwest during the third quarter valued at $5,368,000. Captrust Financial Advisors bought a new position in First Financial Northwest during the 3rd quarter valued at about $789,000. Allspring Global Investments Holdings LLC acquired a new position in First Financial Northwest in the fourth quarter valued at about $603,000. B.O.S.S. Retirement Advisors LLC bought a new stake in First Financial Northwest during the third quarter worth about $312,000. Finally, Barclays PLC increased its holdings in shares of First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after buying an additional 6,689 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.