Cigogne Management SA Acquires Shares of 176,102 First Financial Northwest, Inc. (NASDAQ:FFNW)

Cigogne Management SA purchased a new position in First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 176,102 shares of the bank's stock, valued at approximately $3,821,000. First Financial Northwest makes up 2.3% of Cigogne Management SA's investment portfolio, making the stock its 11th largest holding. Cigogne Management SA owned approximately 1.91% of First Financial Northwest at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in First Financial Northwest by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock worth $128,000 after purchasing an additional 898 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 buying an additional 5,013 shares during the last quarter. Barclays PLC grew its stake in First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank's stock worth $206,000 after buying an additional 6,689 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in First Financial Northwest during the fourth quarter worth about $477,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in First Financial Northwest during the fourth quarter worth about $603,000. Institutional investors and hedge funds own 55.00% of the company's stock.

First Financial Northwest Price Performance

Shares of FFNW remained flat at $22.56 during mid-day trading on Tuesday. First Financial Northwest, Inc. has a 52 week low of $18.03 and a 52 week high of $23.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $22.06 and a 200 day moving average of $21.95. The company has a market capitalization of $208.18 million, a price-to-earnings ratio of 205.11 and a beta of 0.25.

Wall Street Analysts Forecast Growth

FFNW has been the topic of several research analyst reports. StockNews.com cut shares of First Financial Northwest from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. DA Davidson reaffirmed a "neutral" rating and set a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest 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.