First Financial Northwest, Inc. (NASDAQ:FFNW) Short Interest Update

First Financial Northwest, Inc. (NASDAQ:FFNW) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 115,700 shares, a drop of 5.2% from the November 15th total of 122,100 shares. Based on an average trading volume of 31,900 shares, the short-interest ratio is presently 3.6 days. Approximately 1.5% of the shares of the company are short sold.

First Financial Northwest Stock Down 1.7 %

Shares of First Financial Northwest stock opened at $21.48 on Thursday. 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 has a 1-year low of $13.13 and a 1-year high of $23.50. The business’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $22.05. The company has a market capitalization of $198.26 million, a P/E ratio of 195.29 and a beta of 0.52.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The company had revenue of $20.09 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.16 earnings per share. As a group, research analysts forecast that First Financial Northwest will post 0.09 EPS for the current year.

Institutional Trading of First Financial Northwest

Institutional investors have recently made changes to their positions in the stock. Western Standard LLC acquired a new position in shares of First Financial Northwest during the third quarter valued at approximately $5,368,000. State Street Corp boosted its stake in First Financial Northwest by 2.7% during 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 in the last quarter. Bank of New York Mellon Corp increased 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 purchasing an additional 19,670 shares during the period. Captrust Financial Advisors acquired a new position in shares of First Financial Northwest during the 3rd quarter valued at $789,000. Finally, Empowered Funds LLC raised its stake in shares of First Financial Northwest by 5.3% in 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.