First Financial Northwest (NASDAQ:FFNW) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

First Financial Northwest, Inc. (NASDAQ:FFNW) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.06 and traded as low as $21.42. First Financial Northwest shares last traded at $21.46, with a volume of 17,189 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

First Financial Northwest Stock Performance

The company has a market cap of $198.08 million, a PE ratio of 195.11 and a beta of 0.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50 day moving average is $22.27 and its 200-day moving average is $22.07.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.14). The company had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. During the same period in the prior year, the business posted $0.16 EPS. On average, research analysts anticipate that First Financial Northwest, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FFNW. Western Standard LLC acquired a new stake in First Financial Northwest during the third quarter worth about $5,368,000. Captrust Financial Advisors acquired a new stake in shares of First Financial Northwest during the 3rd quarter worth approximately $789,000. Bank of New York Mellon Corp raised its position in shares of First Financial Northwest by 45.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock valued at $1,336,000 after buying an additional 19,670 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in First Financial Northwest in the second quarter valued at approximately $403,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in First Financial Northwest in the third quarter worth approximately $312,000. 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.