First Financial Northwest (NASDAQ:FFNW) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of First Financial Northwest (NASDAQ:FFNW) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the bank’s stock.

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

First Financial Northwest Price Performance

Shares of FFNW opened at $22.56 on Friday. The firm has a fifty day moving average price of $22.26 and a 200-day moving average price of $21.95. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm 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 12-month low of $18.03 and a 12-month high of $23.50.

Institutional Investors Weigh In On First Financial Northwest

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in First Financial Northwest during the 1st quarter worth $97,000. Wells Fargo & Company MN raised its stake in shares of First Financial Northwest by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,914 shares of the bank’s stock worth $128,000 after purchasing an additional 898 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after buying an additional 5,013 shares during the period. Bank of America Corp DE lifted its stake in First Financial Northwest by 29.9% during the 4th 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 during the period. Finally, Barclays PLC boosted its holdings in shares of First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after acquiring an additional 6,689 shares during the last quarter. 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.