First Financial Northwest (NASDAQ:FFNW) Stock Crosses Above 200-Day Moving Average – Here’s Why

First Financial Northwest, Inc. (NASDAQ:FFNW) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.93 and traded as high as $22.76. First Financial Northwest shares last traded at $22.66, with a volume of 70,877 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FFNW shares. DA Davidson restated a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th. StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Monday, March 24th.

First Financial Northwest Trading Down 0.0 %

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 firm has a market capitalization of $209.11 million, a price-to-earnings ratio of 206.02 and a beta of 0.51. The company has a 50 day moving average price of $21.50 and a two-hundred day moving average price of $21.93.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. On average, research analysts forecast that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

Institutional Investors Weigh In On First Financial Northwest

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in First Financial Northwest in the fourth quarter valued at $603,000. Captrust Financial Advisors acquired a new stake in shares of First Financial Northwest during the 3rd quarter valued at approximately $789,000. State Street Corp raised its stake 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 worth $1,969,000 after buying an additional 2,312 shares during the last quarter. Western Standard LLC acquired a new position in First Financial Northwest during the third quarter worth about $5,368,000. Finally, JPMorgan Chase & Co. lifted its stake in First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after buying an additional 5,013 shares in the last quarter. 55.00% of the stock is owned by hedge funds and other institutional investors.

First Financial Northwest Company 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.