First Financial Northwest (NASDAQ:FFNW) Stock Rating Upgraded by StockNews.com

First Financial Northwest (NASDAQ:FFNW) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

First Financial Northwest Stock Performance

NASDAQ FFNW traded up $0.13 during trading on Wednesday, hitting $21.61. 19,177 shares of the company’s stock traded hands, compared to its average volume of 27,065. 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 capitalization of $199.46 million, a price-to-earnings ratio of 196.47 and a beta of 0.53. First Financial Northwest has a 12-month low of $20.10 and a 12-month high of $23.50. The business has a 50 day moving average of $21.69 and a 200-day moving average of $22.10.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. As a group, equities research analysts anticipate that First Financial Northwest will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of First Financial Northwest

Large investors have recently modified their holdings of the business. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of First Financial Northwest during the 3rd quarter valued at about $312,000. Empowered Funds LLC raised its stake in shares of First Financial Northwest by 5.3% during the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after acquiring an additional 1,072 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after acquiring an additional 2,317 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of First Financial Northwest in the 3rd quarter valued at $789,000. Finally, State Street Corp grew its holdings in shares of First Financial Northwest by 2.7% during the 3rd quarter. State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after purchasing an additional 2,312 shares during the last quarter. Institutional investors own 55.00% of the company’s stock.

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.