Northern Trust Corp Has $1.59 Million Holdings in First Financial Northwest, Inc. (NASDAQ:FFNW)

Northern Trust Corp raised its holdings in First Financial Northwest, Inc. (NASDAQ:FFNW) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,282 shares of the bank’s stock after purchasing an additional 2,457 shares during the quarter. Northern Trust Corp owned 0.79% of First Financial Northwest worth $1,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Credit Industriel ET Commercial bought a new stake in shares of First Financial Northwest during the 4th quarter worth $2,930,000. Cigogne Management SA bought a new position in First Financial Northwest in the fourth quarter valued at about $3,821,000. Mariner LLC increased its position in First Financial Northwest by 6.9% in the 4th quarter. Mariner LLC now owns 80,485 shares of the bank’s stock valued at $1,747,000 after acquiring an additional 5,193 shares during the period. Barclays PLC raised its stake in shares of First Financial Northwest by 15.3% during the fourth quarter. Barclays PLC now owns 10,538 shares of the bank’s stock valued at $229,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of First Financial Northwest by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock worth $128,000 after purchasing an additional 898 shares during the period. Institutional investors own 55.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FFNW shares. DA Davidson reissued a “neutral” rating and issued a $22.00 price target on shares of First Financial Northwest in a research note on Thursday, January 30th. Wall Street Zen initiated coverage on First Financial Northwest in a research note on Saturday, May 17th. They issued a “sell” rating on the stock.

First Financial Northwest Stock Performance

NASDAQ FFNW opened at $22.56 on Tuesday. The company has a market cap of $208.18 million, a price-to-earnings ratio of 205.11 and a beta of 0.25. The business has a 50 day moving average price of $22.61 and a 200-day moving average price of $21.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest, Inc. has a 52 week low of $18.03 and a 52 week high of $23.50.

First Financial Northwest 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.