First Financial Northwest (NASDAQ:FFNW) Shares Pass Above 200 Day Moving Average – Should You Sell?

First Financial Northwest, Inc. (NASDAQ:FFNW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.93 and traded as high as $22.80. First Financial Northwest shares last traded at $22.45, with a volume of 56,137 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FFNW. DA Davidson restated a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a research note on Thursday, January 30th. StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

First Financial Northwest Trading Up 0.2 %

The firm has a market capitalization of $207.17 million, a P/E ratio of 204.11 and a beta of 0.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $21.68 and a 200-day simple moving average of $21.93.

First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, beating 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 research analysts forecast that First Financial Northwest, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of First Financial Northwest

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC increased its holdings in First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after acquiring an additional 2,317 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Financial Northwest by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock worth $128,000 after purchasing an additional 898 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after purchasing an additional 5,013 shares during the period. Bank of America Corp DE boosted its holdings in First Financial Northwest by 29.9% in the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock worth $196,000 after buying an additional 2,079 shares during the period. Finally, Barclays PLC increased its stake in First Financial Northwest by 272.9% in 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 in the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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.