JPMorgan Chase & Co. Purchases 15,903 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

JPMorgan Chase & Co. lifted its position in First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 198.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,912 shares of the bank's stock after buying an additional 15,903 shares during the quarter. JPMorgan Chase & Co. owned about 0.26% of First Financial Northwest worth $519,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of First Financial Northwest during the 4th quarter valued at $603,000. Barclays PLC raised its holdings in First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after buying an additional 6,689 shares in the last quarter. State Street Corp lifted its position in shares of First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank's stock worth $1,969,000 after buying an additional 2,312 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of First Financial Northwest by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank's stock worth $1,298,000 after acquiring an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company's stock.

Wall Street Analysts Forecast Growth

FFNW has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on First Financial Northwest in a research report on Thursday. They set a "sell" rating for the company. DA Davidson reiterated a "neutral" rating and issued a $22.00 target price on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Price Performance

Shares of FFNW remained flat at $22.56 during mid-day trading on Friday. The firm 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 one year low of $18.03 and a one year high of $23.50. The business has a 50-day moving average of $22.16 and a two-hundred day moving average of $21.96. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

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.