First Financial Northwest (NASDAQ:FFNW) Upgraded at StockNews.com

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

First Financial Northwest Stock Down 1.0 %

Shares of NASDAQ FFNW opened at $21.14 on Wednesday. The stock has a market capitalization of $195.12 million, a PE ratio of 192.20 and a beta of 0.53. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $21.65 and a 200-day moving average of $22.09. First Financial Northwest has a 52-week low of $20.10 and a 52-week high of $23.50.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that First Financial Northwest will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FFNW. MetLife Investment Management LLC raised its stake in shares of First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,317 shares during the period. JPMorgan Chase & Co. raised its position in First Financial Northwest by 167.3% in the third 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. Barclays PLC lifted its stake in shares of First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after purchasing an additional 6,689 shares in the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of First Financial Northwest in the third quarter worth about $312,000. Finally, Empowered Funds LLC grew 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 buying an additional 1,072 shares in the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

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.