Black Maple Capital Management LP Lowers Stake in 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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,709 shares of the bank's stock after selling 22,784 shares during the period. First Financial Northwest accounts for about 1.0% of Black Maple Capital Management LP's investment portfolio, making the stock its 19th largest holding. Black Maple Capital Management LP owned about 0.96% of First Financial Northwest worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in First Financial Northwest by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock valued at $128,000 after purchasing an additional 898 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Financial Northwest by 167.3% during the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock worth $180,000 after acquiring an additional 5,013 shares during the period. Barclays PLC raised its holdings in shares of First Financial Northwest by 272.9% in the third quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after acquiring an additional 6,689 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in First Financial Northwest in the fourth quarter worth approximately $477,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in First Financial Northwest during the fourth quarter valued at approximately $603,000. 55.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on FFNW shares. StockNews.com initiated coverage on First Financial Northwest in a research report on Friday. They set a "sell" rating for the company. DA Davidson restated a "neutral" rating and set a $22.00 target price on shares of First Financial Northwest in a report on Thursday, January 30th.

First Financial Northwest Stock Performance

Shares of FFNW stock remained flat at $22.56 on Friday. First Financial Northwest, Inc. has a 12-month low of $18.03 and a 12-month high of $23.50. The firm has a market cap of $208.18 million, a PE ratio of 205.11 and a beta of 0.25. The company has a 50-day simple moving average of $22.26 and a 200-day simple moving average of $21.95. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

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.