Credit Industriel ET Commercial Makes New $2.93 Million Investment in First Financial Northwest, Inc. (NASDAQ:FFNW)

Credit Industriel ET Commercial bought a new stake in First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 135,044 shares of the bank's stock, valued at approximately $2,930,000. Credit Industriel ET Commercial owned approximately 1.46% of First Financial Northwest as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FFNW. Wells Fargo & Company MN raised its holdings in shares of 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 buying an additional 898 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Financial Northwest by 167.3% in the 3rd 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 last quarter. Barclays PLC lifted its position in First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock worth $206,000 after acquiring an additional 6,689 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in First Financial Northwest during the 4th quarter valued at about $477,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Northwest in the fourth quarter valued at about $603,000. 55.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

First Financial Northwest Price Performance

FFNW remained flat at $22.56 during midday trading on Tuesday. The firm has a fifty day simple moving average of $22.06 and a 200 day simple moving average of $21.95. The company has a market cap of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. 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.

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.