First Financial Northwest (NASDAQ:FFNW) Share Price Crosses Above Two Hundred Day Moving Average of $21.22

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.22 and traded as high as $22.74. First Financial Northwest shares last traded at $22.61, with a volume of 22,129 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler downgraded First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price target on the stock. in a report on Friday, July 26th. StockNews.com downgraded First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th.

First Financial Northwest Trading Up 0.1 %

The stock has a market cap of $207.42 million, a price-to-earnings ratio of 68.52 and a beta of 0.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average of $22.07 and a 200-day moving average of $21.22.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $19.99 million during the quarter, compared to analysts’ expectations of $9.60 million. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%. As a group, research analysts forecast that First Financial Northwest, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of First Financial Northwest

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new stake in shares of First Financial Northwest in the second quarter worth about $188,000. Commonwealth Equity Services LLC lifted its position 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 buying an additional 1,069 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of First Financial Northwest in the second quarter worth about $403,000. Clear Harbor Asset Management LLC acquired a new stake in shares of First Financial Northwest in the second quarter worth about $411,000. Finally, Black Maple Capital Management LP lifted its position in shares of First Financial Northwest by 86.1% in the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock worth $1,310,000 after buying an additional 44,952 shares during 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.