StockNews.com Begins Coverage on First Financial Northwest (NASDAQ:FFNW)

StockNews.com initiated coverage on shares of First Financial Northwest (NASDAQ:FFNW - Free Report) in a research note released on Friday morning. The brokerage issued a sell rating on the bank's stock.

Separately, DA Davidson reissued 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 Price Performance

NASDAQ:FFNW remained flat at $22.56 during midday trading on Friday. The firm's 50 day simple moving average is $22.39 and its 200 day simple moving average is $21.94. First Financial Northwest has a fifty-two week low of $18.03 and a fifty-two 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. The company has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25.

Hedge Funds Weigh In On First Financial Northwest

A number of hedge funds and other institutional investors have recently made changes to their positions in FFNW. Western Standard LLC boosted its stake in First Financial Northwest by 285.1% during the 4th quarter. Western Standard LLC now owns 917,940 shares of the bank's stock worth $19,919,000 after acquiring an additional 679,593 shares during the last quarter. Cigogne Management SA acquired a new position in First Financial Northwest in the 4th quarter valued at about $3,821,000. Credit Industriel ET Commercial acquired a new position in shares of First Financial Northwest during the 4th quarter worth approximately $2,930,000. Mariner LLC lifted its holdings in shares of First Financial Northwest by 6.9% during the 4th quarter. Mariner LLC now owns 80,485 shares of the bank's stock worth $1,747,000 after acquiring an additional 5,193 shares during the period. Finally, CSS LLC IL lifted its stake in First Financial Northwest by 10.3% in the 4th quarter. CSS LLC IL now owns 76,824 shares of the bank's stock valued at $1,667,000 after purchasing an additional 7,149 shares during the last quarter. 55.00% of the stock is owned by institutional investors.

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.