First Financial Northwest (NASDAQ:FFNW) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of First Financial Northwest (NASDAQ:FFNW) in a report released on Friday. The firm set a “sell” rating on the bank’s stock.

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Stock Performance

FFNW opened at $22.56 on Friday. First Financial Northwest has a 1-year low of $18.03 and a 1-year 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 firm has a market cap of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. The company has a 50 day simple moving average of $22.30 and a two-hundred day simple moving average of $21.94.

Institutional Investors Weigh In On First Financial Northwest

Several hedge funds have recently added to or reduced their stakes in the business. Tabor Asset Management LP acquired a new position in First Financial Northwest in the 1st quarter worth about $949,000. Bank of New York Mellon Corp lifted its position in shares of First Financial Northwest by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 60,241 shares of the bank’s stock valued at $1,365,000 after buying an additional 445 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in First Financial Northwest by 28.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,702 shares of the bank’s stock valued at $809,000 after acquiring an additional 7,899 shares during the period. FNY Investment Advisers LLC acquired a new position in First Financial Northwest during the first quarter worth $97,000. Finally, CSS LLC IL lifted its holdings in First Financial Northwest by 10.3% during the fourth 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 in the last quarter. 55.00% of the stock is owned by hedge funds and other 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.