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

Stock analysts at StockNews.com initiated coverage on shares of First Financial Northwest (NASDAQ:FFNW - Get Free Report) in a research report issued on Thursday. The brokerage set a "sell" rating on the bank's stock.

Separately, DA Davidson restated a "neutral" rating and set a $22.00 price objective on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Stock Performance

Shares of FFNW stock opened at $22.56 on Thursday. The firm has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. First Financial Northwest has a twelve month low of $18.03 and a twelve month high of $23.50. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is $22.10 and its 200 day simple moving average is $21.96.

Institutional Investors Weigh In On First Financial Northwest

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of First Financial Northwest in the 1st quarter valued at about $97,000. Wells Fargo & Company MN increased its stake in shares of First Financial Northwest by 17.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank's stock valued at $128,000 after acquiring an additional 898 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock valued at $180,000 after acquiring an additional 5,013 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Financial Northwest by 29.9% in the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank's stock valued at $196,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Barclays PLC increased 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 in the last quarter. Institutional investors own 55.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.