First Financial Northwest (NASDAQ:FFNW) Share Price Crosses Above Two Hundred Day Moving Average of $16.60

First Financial Northwest, Inc. (NASDAQ:FFNW) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.60 and traded as high as $20.57. First Financial Northwest shares last traded at $20.50, with a volume of 36,174 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com started coverage on First Financial Northwest in a report on Friday, February 2nd. They issued a “sell” rating on the stock. Piper Sandler lifted their price target on First Financial Northwest from $14.00 to $23.50 and gave the company an “overweight” rating in a report on Friday, January 12th. DA Davidson cut First Financial Northwest from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $16.00 to $22.00 in a research report on Friday, January 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Financial Northwest from $15.00 to $23.50 and gave the company a “market perform” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, First Financial Northwest currently has a consensus rating of “Hold” and a consensus target price of $23.00.

First Financial Northwest Stock Down 0.0 %

The business has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $16.60. The company has a market cap of $187.99 million, a price-to-earnings ratio of 30.15 and a beta of 0.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.77.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). First Financial Northwest had a return on equity of 3.95% and a net margin of 7.79%. The business had revenue of $9.91 million for the quarter, compared to analyst estimates of $10.26 million. As a group, equities analysts forecast that First Financial Northwest, Inc. will post 0.41 earnings per share for the current fiscal year.

First Financial Northwest Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.54%. First Financial Northwest’s dividend payout ratio is 76.47%.

Institutional Investors Weigh In On First Financial Northwest

Several large investors have recently modified their holdings of FFNW. FNY Investment Advisers LLC bought a new stake in First Financial Northwest during the 4th quarter worth approximately $117,000. Choreo LLC lifted its stake in shares of First Financial Northwest by 15.6% in the 4th quarter. Choreo LLC now owns 19,280 shares of the bank’s stock valued at $260,000 after purchasing an additional 2,600 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of First Financial Northwest in the 3rd quarter valued at $324,000. Brandywine Global Investment Management LLC increased its position in shares of First Financial Northwest by 2.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 94,407 shares of the bank’s stock valued at $1,201,000 after buying an additional 1,900 shares in the last quarter. Finally, Black Maple Capital Management LP increased its holdings in First Financial Northwest by 86.1% during the 4th quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock worth $1,310,000 after purchasing an additional 44,952 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.