Black Maple Capital Management LP Sells 22,784 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

Black Maple Capital Management LP reduced its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,709 shares of the bank's stock after selling 22,784 shares during the quarter. First Financial Northwest makes up approximately 1.0% of Black Maple Capital Management LP's holdings, making the stock its 19th biggest position. Black Maple Capital Management LP owned approximately 0.96% of First Financial Northwest worth $1,925,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FFNW. Cigogne Management SA bought a new position in shares of First Financial Northwest during the 4th quarter worth approximately $3,821,000. Credit Industriel ET Commercial acquired a new stake in shares of First Financial Northwest during the 4th quarter worth $2,930,000. Allspring Global Investments Holdings LLC bought a new position in First Financial Northwest in the 4th quarter valued at about $603,000. Arrowstreet Capital Limited Partnership acquired a new position in First Financial Northwest during the fourth quarter valued at approximately $477,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of First Financial Northwest by 198.6% during the 4th quarter. JPMorgan Chase & Co. now owns 23,912 shares of the bank's stock worth $519,000 after buying an additional 15,903 shares in the last quarter. 55.00% of the stock is currently owned by institutional investors and hedge funds.

First Financial Northwest Price Performance

Shares of NASDAQ:FFNW remained flat at $22.56 during mid-day trading on Tuesday. The business's 50-day moving average is $22.21 and its 200 day moving average is $21.94. First Financial Northwest, Inc. has a 1-year low of $18.03 and a 1-year high of $23.50. The company has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FFNW shares. DA Davidson reissued a "neutral" rating and issued a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th. StockNews.com assumed coverage on shares of First Financial Northwest in a research report on Thursday, May 1st. They set a "sell" rating for the company.

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.