First Financial Northwest (NASDAQ:FFNW) Shares Pass Below 200-Day Moving Average – Here’s What Happened

First Financial Northwest, Inc. (NASDAQ:FFNW) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.05 and traded as low as $21.48. First Financial Northwest shares last traded at $21.66, with a volume of 11,494 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on FFNW shares. StockNews.com raised First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. DA Davidson reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday, January 30th.

First Financial Northwest Stock Performance

The company has a market cap of $199.92 million, a P/E ratio of 196.93 and a beta of 0.52. The business has a 50 day moving average price of $21.49 and a two-hundred day moving average price of $22.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data 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 return on equity of 0.67% and a net margin of 1.34%. On average, sell-side analysts anticipate that First Financial Northwest, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On First Financial Northwest

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of First Financial Northwest during the third quarter valued at about $789,000. State Street Corp increased its holdings in 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 period. Western Standard LLC purchased a new position in First Financial Northwest during the 3rd quarter valued at about $5,368,000. JPMorgan Chase & Co. raised its position in First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after purchasing an additional 5,013 shares during the last quarter. Finally, Barclays PLC lifted its holdings in First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after buying an additional 6,689 shares during the period. Hedge funds and other 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.