First Financial Northwest (NASDAQ:FFNW) was upgraded by equities researchers at FIG Partners from a “market perform” rating to an “outperform” rating in a research note issued on Monday, MarketBeat Ratings reports.
FFNW has been the subject of several other research reports. Zacks Investment Research raised First Financial Northwest from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 target price on shares of First Financial Northwest in a research note on Friday, January 26th.
Shares of First Financial Northwest (FFNW) traded up $0.04 during trading on Monday, reaching $15.02. The company had a trading volume of 12,115 shares, compared to its average volume of 14,269. First Financial Northwest has a 52-week low of $13.13 and a 52-week high of $20.97. The stock has a market capitalization of $161.01, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.17.
A number of hedge funds have recently bought and sold shares of FFNW. The Manufacturers Life Insurance Company increased its stake in First Financial Northwest by 40.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after acquiring an additional 2,611 shares during the last quarter. SG Americas Securities LLC acquired a new stake in First Financial Northwest during the third quarter worth $181,000. Alpine Woods Capital Investors LLC acquired a new stake in First Financial Northwest during the third quarter worth $204,000. Teachers Advisors LLC increased its stake in First Financial Northwest by 8.9% during the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in First Financial Northwest by 35.9% during the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after acquiring an additional 4,463 shares during the last quarter. 42.59% of the stock is owned by institutional investors.
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About First Financial Northwest
First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.
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