First Financial Northwest (NASDAQ:FFNW) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of First Financial Northwest (NASDAQ:FFNW) in a report issued on Saturday. The brokerage issued a sell rating on the bank’s stock.

Separately, DA Davidson restated a “neutral” rating and issued a $22.00 price objective on shares of First Financial Northwest in a report on Thursday, January 30th.

First Financial Northwest Price Performance

First Financial Northwest stock opened at $22.56 on Friday. The company’s fifty day moving average price is $22.62 and its 200 day moving average price is $21.93. First Financial Northwest has a 1 year low of $18.03 and a 1 year high of $23.50. The stock has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Western Standard LLC raised its holdings 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 acquiring an additional 679,593 shares during the period. Cigogne Management SA acquired a new stake in shares of First Financial Northwest during the 4th quarter worth about $3,821,000. Credit Industriel ET Commercial acquired a new stake in shares of First Financial Northwest during the 4th quarter worth about $2,930,000. Groupe la Francaise acquired a new stake in shares of First Financial Northwest during the 1st quarter worth about $2,479,000. 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 worth $1,747,000 after purchasing an additional 5,193 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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.