Bank of America Corp DE Has $196,000 Stock Position in First Financial Northwest, Inc. (NASDAQ:FFNW)

Bank of America Corp DE raised its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,035 shares of the bank’s stock after acquiring an additional 2,079 shares during the quarter. Bank of America Corp DE owned about 0.10% of First Financial Northwest worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in First Financial Northwest in the fourth quarter valued at approximately $603,000. Bank of New York Mellon Corp grew its holdings in First Financial Northwest by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock worth $1,298,000 after acquiring an additional 2,182 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Financial Northwest by 198.6% during the 4th quarter. JPMorgan Chase & Co. now owns 23,912 shares of the bank’s stock valued at $519,000 after acquiring an additional 15,903 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of First Financial Northwest in the 4th quarter valued at $477,000. Finally, Wells Fargo & Company MN boosted its position 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 worth $128,000 after purchasing an additional 898 shares during the last quarter. 55.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on First Financial Northwest in a report on Saturday, May 17th. They issued a “sell” rating for the company.

First Financial Northwest Price Performance

Shares of NASDAQ FFNW opened at $22.56 on Monday. First Financial Northwest, Inc. has a 52-week low of $18.03 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. The firm has a 50 day moving average price of $22.60 and a 200 day moving average price of $21.95.

About First Financial Northwest

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.