Allspring Global Investments Holdings LLC Invests $603,000 in First Financial Northwest, Inc. (NASDAQ:FFNW)

Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,803 shares of the bank’s stock, valued at approximately $603,000.

A number of other hedge funds also recently made changes to their positions in FFNW. Western Standard LLC bought a new stake in First Financial Northwest in the third quarter worth approximately $5,368,000. State Street Corp increased its holdings in First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock worth $1,969,000 after purchasing an additional 2,312 shares in the last quarter. Captrust Financial Advisors bought a new stake in First Financial Northwest in the third quarter worth approximately $789,000. Empowered Funds LLC increased its holdings in First Financial Northwest by 5.3% in the third quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock worth $481,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after acquiring an additional 6,689 shares in the last quarter. 55.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FFNW has been the subject of several recent research reports. DA Davidson restated a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a report on Thursday, January 30th. StockNews.com upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

First Financial Northwest Trading Down 1.3 %

NASDAQ FFNW opened at $21.15 on Tuesday. The company has a market cap of $195.21 million, a price-to-earnings ratio of 192.29 and a beta of 0.52. First Financial Northwest, Inc. has a 52 week low of $20.10 and a 52 week high of $23.50. The business has a 50 day moving average price of $21.31 and a 200-day moving average price of $22.05. 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 (NASDAQ:FFNW) last announced its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. As a group, equities analysts expect that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

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.