First Financial Northwest, Inc. (NASDAQ:FFNW) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in First Financial Northwest, Inc. (NASDAQ:FFNW) by 28.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,702 shares of the bank’s stock after purchasing an additional 7,899 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.39% of First Financial Northwest worth $809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Western Standard LLC boosted its stake in First Financial Northwest by 285.1% during the fourth quarter. Western Standard LLC now owns 917,940 shares of the bank’s stock worth $19,919,000 after buying an additional 679,593 shares during the last quarter. Cigogne Management SA purchased a new position in shares of First Financial Northwest during the 4th quarter worth $3,821,000. Credit Industriel ET Commercial acquired a new position in shares of First Financial Northwest during the 4th quarter valued at about $2,930,000. Mariner LLC grew its holdings in shares of First Financial Northwest by 6.9% in the fourth quarter. Mariner LLC now owns 80,485 shares of the bank’s stock valued at $1,747,000 after purchasing an additional 5,193 shares during the period. Finally, CSS LLC IL increased its position in First Financial Northwest by 10.3% during the fourth quarter. CSS LLC IL now owns 76,824 shares of the bank’s stock worth $1,667,000 after purchasing an additional 7,149 shares during the last quarter. 55.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of First Financial Northwest in a report on Saturday, May 17th. They issued a “sell” rating on the stock.

First Financial Northwest Stock Performance

NASDAQ FFNW opened at $22.56 on Thursday. The stock has a market cap of $208.18 million, a PE ratio of 205.11 and a beta of 0.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest, Inc. has a twelve month low of $18.03 and a twelve month high of $23.50. The stock has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $22.01.

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.