First Financial Northwest’s (FFNW) Neutral Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of First Financial Northwest (NASDAQ:FFNW) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $22.00 price objective on the bank’s stock. DA Davidson also issued estimates for First Financial Northwest’s Q1 2025 earnings at $0.05 EPS.

Separately, StockNews.com raised First Financial Northwest from a “sell” rating to a “hold” rating in a report on Wednesday.

First Financial Northwest Trading Down 1.0 %

Shares of First Financial Northwest stock opened at $21.14 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $195.12 million, a P/E ratio of 192.20 and a beta of 0.53. First Financial Northwest has a 1 year low of $20.10 and a 1 year high of $23.50. The company’s fifty day moving average is $21.62 and its two-hundred day moving average is $22.08.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. Analysts forecast that First Financial Northwest will post 0.27 earnings per share for the current year.

Institutional Trading of First Financial Northwest

Several hedge funds have recently modified their holdings of FFNW. MetLife Investment Management LLC boosted its stake in shares of First Financial Northwest by 129.0% in the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock valued at $93,000 after buying an additional 2,317 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $180,000 after purchasing an additional 5,013 shares during the period. Barclays PLC grew its stake in shares of 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 purchasing an additional 6,689 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of First Financial Northwest in the 3rd quarter valued at about $312,000. Finally, Empowered Funds LLC lifted its stake in shares of First Financial Northwest by 5.3% in the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock valued at $481,000 after purchasing an additional 1,072 shares during the period. 55.00% of the stock is owned by institutional investors and hedge funds.

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.