First Financial Northwest (NASDAQ:FFNW) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of First Financial Northwest (NASDAQ:FFNW) in a report released on Thursday. The firm set a “sell” rating on the bank’s stock.

Separately, DA Davidson reaffirmed a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Price Performance

FFNW stock opened at $22.56 on Thursday. 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 business has a 50-day simple moving average of $22.16 and a two-hundred day simple moving average of $21.96. The company has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. First Financial Northwest has a 52-week low of $18.03 and a 52-week high of $23.50.

Institutional Investors Weigh In On First Financial Northwest

A number of institutional investors have recently added to or reduced their stakes in the company. Western Standard LLC lifted its position in shares of First Financial Northwest by 285.1% during the 4th 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 in the last quarter. Cigogne Management SA bought a new stake in First Financial Northwest during the fourth quarter worth $3,821,000. Credit Industriel ET Commercial purchased a new position in First Financial Northwest in the fourth quarter worth $2,930,000. State Street Corp grew its stake in First Financial Northwest by 2.7% in 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. Finally, Mariner LLC increased its position in shares of First Financial Northwest by 6.9% during the 4th 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 last quarter. 55.00% of the stock is owned by 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.