First Financial Northwest (NASDAQ:FFNW) Receives Neutral Rating from DA Davidson

First Financial Northwest (NASDAQ:FFNW)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $22.00 price objective on the bank’s stock. DA Davidson’s price target suggests a potential upside of 1.88% from the company’s previous close.

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

First Financial Northwest Stock Performance

FFNW stock traded down $0.02 on Thursday, reaching $21.59. 1,210 shares of the company were exchanged, compared to its average volume of 25,700. The firm has a market capitalization of $199.31 million, a PE ratio of 196.33 and a beta of 0.53. First Financial Northwest has a 12 month low of $20.10 and a 12 month high of $23.50. The stock’s fifty day moving average price is $21.67 and its 200 day moving average price is $22.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data 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 1.31% and a return on equity of 0.66%. On average, research analysts anticipate that First Financial Northwest will post 0.09 EPS for the current fiscal year.

Institutional Trading of First Financial Northwest

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in First Financial Northwest in the fourth quarter valued at about $603,000. JPMorgan Chase & Co. boosted its holdings in shares of First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after acquiring an additional 5,013 shares in the last quarter. Barclays PLC grew its position in 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 acquiring an additional 6,689 shares during the last quarter. Western Standard LLC acquired a new stake in First Financial Northwest during the 3rd quarter valued at $5,368,000. Finally, State Street Corp raised its position in First Financial Northwest by 2.7% in the 3rd quarter. State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after purchasing an additional 2,312 shares during the last quarter. 55.00% of the stock is currently owned by 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.