First Financial Northwest (NASDAQ:FFNW) Stock Rating Lowered 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 Tuesday morning.

Separately, Piper Sandler lowered shares of First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price target for the company. in a research note on Friday, July 26th.

First Financial Northwest Stock Performance

Shares of FFNW stock opened at $22.50 on Tuesday. First Financial Northwest has a 12-month low of $10.78 and a 12-month high of $23.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $206.55 million, a price-to-earnings ratio of 204.56 and a beta of 0.53. The business has a 50 day simple moving average of $22.62 and a 200 day simple moving average of $21.67.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. The business had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts anticipate that First Financial Northwest will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in First Financial Northwest in the 2nd quarter valued at about $188,000. Commonwealth Equity Services LLC raised its holdings in shares of First Financial Northwest by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after purchasing an additional 1,069 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new stake in First Financial Northwest during the third quarter valued at approximately $312,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in First Financial Northwest during the second quarter valued at approximately $403,000. Finally, Clear Harbor Asset Management LLC bought a new stake in First Financial Northwest during the second quarter worth approximately $411,000. 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.