JPMorgan Chase & Co. Has $519,000 Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

JPMorgan Chase & Co. raised its stake in First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 198.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,912 shares of the bank's stock after buying an additional 15,903 shares during the period. JPMorgan Chase & Co. owned 0.26% of First Financial Northwest worth $519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of 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 acquiring an additional 2,312 shares in the last quarter. Barclays PLC raised its position in 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 purchasing an additional 6,689 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Financial Northwest during the fourth quarter valued at about $603,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of First Financial Northwest by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank's stock worth $1,298,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors own 55.00% of the company's stock.

First Financial Northwest Stock Performance

Shares of FFNW stock remained flat at $22.56 on Tuesday. The firm has a market cap of $208.18 million, a PE ratio of 205.11 and a beta of 0.25. The business has a 50-day simple moving average of $22.21 and a 200 day simple moving average of $21.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest, Inc. has a 52-week low of $18.03 and a 52-week high of $23.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com started coverage on shares of First Financial Northwest in a report on Thursday, May 1st. They issued a "sell" rating for the company. DA Davidson reaffirmed a "neutral" rating and set a $22.00 price target on shares of First Financial Northwest in a research note on Thursday, January 30th.

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.