Renaissance Technologies LLC Sells 30,348 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

Renaissance Technologies LLC reduced its holdings in First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 496,653 shares of the bank's stock after selling 30,348 shares during the quarter. Renaissance Technologies LLC owned 5.38% of First Financial Northwest worth $10,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FFNW. Wells Fargo & Company MN lifted its holdings in shares of First Financial Northwest by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock worth $128,000 after acquiring an additional 898 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. JPMorgan Chase & Co. boosted its holdings in shares of First Financial Northwest by 198.6% in the 4th quarter. JPMorgan Chase & Co. now owns 23,912 shares of the bank's stock worth $519,000 after purchasing an additional 15,903 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $1,298,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of First Financial Northwest during the 4th quarter valued at about $603,000. Hedge funds and other institutional investors own 55.00% of the company's stock.

Wall Street Analyst Weigh In

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

First Financial Northwest Trading Up 0.1 %

FFNW traded up $0.03 on Tuesday, hitting $22.87. 1,543,317 shares of the company were exchanged, compared to its average volume of 48,376. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest, Inc. has a 12 month low of $18.03 and a 12 month high of $23.50. The firm has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $21.96. The stock has a market capitalization of $211.00 million, a PE ratio of 207.88 and a beta of 0.25.

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

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.