First Financial Northwest (NASDAQ:FFNW) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

First Financial Northwest, Inc. (NASDAQ:FFNW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.93 and traded as high as $22.76. First Financial Northwest shares last traded at $22.66, with a volume of 70,877 shares trading hands.

Wall Street Analysts Forecast Growth

FFNW has been the subject of a number of recent research reports. StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Monday, March 24th. DA Davidson reaffirmed a “neutral” rating and issued a $22.00 price target on shares of First Financial Northwest in a report on Thursday, January 30th.

First Financial Northwest Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $21.93. The stock has a market cap of $208.46 million, a price-to-earnings ratio of 205.38 and a beta of 0.51.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. First Financial Northwest had a net margin of 1.34% and a return on equity of 0.67%. On average, analysts expect that First Financial Northwest, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its position in First Financial Northwest by 129.0% in the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,317 shares during the period. Wells Fargo & Company MN increased its position in shares of First Financial Northwest by 17.9% during the 4th 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. raised 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 valued at $180,000 after buying an additional 5,013 shares during the period. Bank of America Corp DE lifted its position in First Financial Northwest by 29.9% in the fourth quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock valued at $196,000 after buying an additional 2,079 shares during the last quarter. Finally, Barclays PLC lifted its position in First Financial Northwest by 272.9% in the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after buying an additional 6,689 shares during the last quarter. 55.00% of the stock is currently owned by hedge funds and other 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.