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

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

First Financial Northwest Stock Down 1.0 %

Shares of First Financial Northwest stock opened at $21.14 on Wednesday. First Financial Northwest has a 1-year low of $20.10 and a 1-year high of $23.50. The company has a market capitalization of $195.12 million, a PE ratio of 192.20 and a beta of 0.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $21.65 and a 200-day moving average of $22.09.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 earnings per share 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%. As a group, equities analysts forecast that First Financial Northwest will post 0.27 EPS for the current fiscal year.

Institutional Trading of First Financial Northwest

Several institutional investors have recently added to or reduced their stakes in the stock. Western Standard LLC acquired a new position in First Financial Northwest during the 3rd quarter worth $5,368,000. Captrust Financial Advisors bought a new position in shares of First Financial Northwest during the third quarter worth about $789,000. Allspring Global Investments Holdings LLC acquired a new position in First Financial Northwest in the fourth quarter worth about $603,000. B.O.S.S. Retirement Advisors LLC bought a new stake in First Financial Northwest in the third quarter valued at about $312,000. Finally, Barclays PLC raised its stake in First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after buying an additional 6,689 shares in the last quarter. 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.