First Financial Northwest (NASDAQ:FFNW) Downgraded by StockNews.com to “Sell”

First Financial Northwest (NASDAQ:FFNW) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Separately, DA Davidson restated a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Stock Performance

NASDAQ:FFNW traded up $0.06 during mid-day trading on Monday, hitting $22.70. 64,839 shares of the company traded hands, compared to its average volume of 38,162. The stock’s fifty day moving average price is $21.33 and its 200-day moving average price is $21.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest has a one year low of $18.03 and a one year high of $23.50. The firm has a market cap of $209.52 million, a price-to-earnings ratio of 206.38 and a beta of 0.51.

First Financial Northwest (NASDAQ:FFNW) last released its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. Research analysts anticipate that First Financial Northwest will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of First Financial Northwest

Several institutional investors have recently made changes to their positions in the business. MetLife Investment Management LLC lifted its holdings in First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after purchasing an additional 2,317 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Financial Northwest by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock worth $128,000 after acquiring an additional 898 shares during the last quarter. JPMorgan Chase & Co. grew its stake in First Financial Northwest by 167.3% during the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after acquiring an additional 5,013 shares in the last quarter. Bank of America Corp DE increased its holdings in First Financial Northwest by 29.9% in the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock valued at $196,000 after acquiring an additional 2,079 shares during the last quarter. Finally, Barclays PLC increased its holdings in First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after acquiring an additional 6,689 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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.