First Financial Northwest (NASDAQ:FFNW) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a report issued on Monday morning.

Separately, DA Davidson reiterated a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Stock Up 0.3 %

FFNW opened at $22.70 on Monday. The stock’s fifty day moving average is $21.33 and its 200-day moving average is $21.93. The company has a market capitalization of $209.52 million, a PE ratio of 206.38 and a beta of 0.51. First Financial Northwest has a one year low of $18.03 and a one year high of $23.50. 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 (NASDAQ:FFNW) last released its 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 net margin of 1.34% and a return on equity of 0.67%. On average, equities analysts predict that First Financial Northwest will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Western Standard LLC grew its position in First Financial Northwest by 285.1% during the 4th quarter. Western Standard LLC now owns 917,940 shares of the bank’s stock worth $19,919,000 after purchasing an additional 679,593 shares in the last quarter. Cigogne Management SA acquired a new stake in shares of First Financial Northwest in the fourth quarter worth $3,821,000. Credit Industriel ET Commercial purchased a new position in shares of First Financial Northwest during the fourth quarter valued at $2,930,000. State Street Corp raised its position in First Financial Northwest by 2.7% during the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after buying an additional 2,312 shares during the period. Finally, Mariner LLC lifted its stake in First Financial Northwest by 6.9% in the 4th quarter. Mariner LLC now owns 80,485 shares of the bank’s stock worth $1,747,000 after acquiring an additional 5,193 shares in the last quarter. 55.00% of the stock is owned by hedge funds and other institutional investors.

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.