Alliancebernstein L.P. Sells 171,054 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

Alliancebernstein L.P. cut its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 81.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,916 shares of the bank's stock after selling 171,054 shares during the quarter. Alliancebernstein L.P. owned 0.43% of First Financial Northwest worth $866,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in First Financial Northwest in the fourth quarter valued at approximately $603,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of First Financial Northwest during the fourth quarter worth $477,000. JPMorgan Chase & Co. increased its holdings in shares of First Financial Northwest by 198.6% during the fourth quarter. JPMorgan Chase & Co. now owns 23,912 shares of the bank's stock worth $519,000 after buying an additional 15,903 shares in the last quarter. Barclays PLC lifted its stake in shares of First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after acquiring an additional 6,689 shares during the last quarter. Finally, 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. 55.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

First Financial Northwest Stock Performance

Shares of FFNW stock remained flat at $22.56 on Thursday. 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 $21.99 and a 200 day simple moving average of $21.96. 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.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. On average, analysts forecast that First Financial Northwest, Inc. will post 0.3 earnings per share for the current year.

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.