First Financial Northwest (NASDAQ:FFNW) Research Coverage Started at StockNews.com

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

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

First Financial Northwest Price Performance

Shares of NASDAQ:FFNW opened at $22.56 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04. First Financial Northwest has a 1-year low of $18.03 and a 1-year high of $23.50. The company has a market capitalization of $208.18 million, a P/E ratio of 205.11 and a beta of 0.25. The firm’s 50 day simple moving average is $22.62 and its two-hundred day simple moving average is $21.93.

Hedge Funds Weigh In On First Financial Northwest

Large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in First Financial Northwest in the first quarter worth about $97,000. Wells Fargo & Company MN increased its holdings in shares of First Financial Northwest by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock valued at $128,000 after acquiring an additional 898 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Financial Northwest by 167.3% during the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after acquiring an additional 5,013 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Financial Northwest by 29.9% during the fourth quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock valued at $196,000 after acquiring an additional 2,079 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.

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.