StockNews.com started coverage on shares of First Financial Northwest (NASDAQ:FFNW - Free Report) in a research report released on Thursday. The brokerage issued a sell rating on the bank's stock.
Separately, DA Davidson reiterated a "neutral" rating and set a $22.00 target price on shares of First Financial Northwest in a research report on Thursday, January 30th.
Read Our Latest Report on First Financial Northwest
First Financial Northwest Stock Performance
FFNW remained flat at $22.56 during trading on Thursday. The business's fifty day moving average is $22.21 and its two-hundred day moving average is $21.94. The stock has a market cap of $208.18 million, a PE ratio of 205.11 and a beta of 0.25. First Financial Northwest has a 12 month low of $18.03 and a 12 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.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of First Financial Northwest during the fourth quarter valued at approximately $603,000. State Street Corp increased its holdings in First Financial Northwest by 2.7% in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank's stock worth $180,000 after purchasing an additional 5,013 shares in the last quarter. Barclays PLC boosted its holdings in shares of First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank's stock valued at $206,000 after purchasing an additional 6,689 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of First Financial Northwest by 3.8% during the fourth 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 in the last quarter. 55.00% of the stock is owned by hedge funds and other institutional investors.
About First Financial Northwest
(
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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.
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