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 issued on Wednesday.

First Financial Northwest Stock Up 0.6 %

Shares of NASDAQ:FFNW opened at $21.61 on Wednesday. First Financial Northwest has a 52-week low of $20.10 and a 52-week high of $23.50. The company has a market capitalization of $199.46 million, a PE ratio of 196.47 and a beta of 0.53. 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 company has a fifty day moving average of $21.69 and a 200-day moving average of $22.10.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, topping the consensus estimate 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, equities analysts predict that First Financial Northwest will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On First Financial Northwest

Hedge funds have recently made changes to their positions in the stock. Western Standard LLC acquired a new position in shares of First Financial Northwest in the 3rd quarter valued at about $5,368,000. State Street Corp increased its holdings in First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock worth $1,969,000 after purchasing an additional 2,312 shares in the last quarter. Captrust Financial Advisors bought a new stake in First Financial Northwest in the third quarter worth approximately $789,000. Allspring Global Investments Holdings LLC acquired a new position in First Financial Northwest in the fourth quarter valued at approximately $603,000. Finally, Empowered Funds LLC boosted its holdings in shares of First Financial Northwest by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after buying an additional 1,072 shares in the last quarter. 55.00% of the stock is currently owned by institutional investors.

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.