Allspring Global Investments Holdings LLC Purchases New Stake in First Financial Northwest, Inc. (NASDAQ:FFNW)

Allspring Global Investments Holdings LLC purchased a new stake in First Financial Northwest, Inc. (NASDAQ:FFNW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,803 shares of the bank’s stock, valued at approximately $603,000. Allspring Global Investments Holdings LLC owned 0.30% of First Financial Northwest at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in First Financial Northwest by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after buying an additional 2,317 shares during the period. JPMorgan Chase & Co. increased its position in First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after buying an additional 5,013 shares during the period. Barclays PLC increased its position in First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after buying an additional 6,689 shares during the period. Empowered Funds LLC increased its position in First Financial Northwest by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after buying an additional 1,072 shares during the period. Finally, Captrust Financial Advisors bought a new position in First Financial Northwest during the 3rd quarter worth $789,000. Institutional investors own 55.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FFNW shares. StockNews.com upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. DA Davidson restated a “neutral” rating and issued a $22.00 price target on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Stock Down 1.3 %

Shares of NASDAQ FFNW opened at $21.15 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest, Inc. has a 52 week low of $20.10 and a 52 week high of $23.50. The stock has a market capitalization of $195.21 million, a P/E ratio of 192.29 and a beta of 0.52. The stock’s fifty day moving average is $21.31 and its 200 day moving average is $22.05.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. Sell-side analysts forecast that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

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.