First Financial Northwest (NASDAQ:FFNW) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, Piper Sandler cut First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price target for the company. in a report on Friday, July 26th.

First Financial Northwest Stock Performance

Shares of FFNW opened at $22.26 on Tuesday. The company has a 50-day simple moving average of $22.61 and a 200-day simple moving average of $21.69. First Financial Northwest has a 52-week low of $10.78 and a 52-week high of $23.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $204.35 million, a PE ratio of 202.38 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.14). The firm had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. During the same period last year, the firm earned $0.16 EPS. Equities research analysts predict that First Financial Northwest will post 0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC acquired a new position in First Financial Northwest in the third quarter valued at $312,000. Skandinaviska Enskilda Banken AB publ acquired a new position in First Financial Northwest in the second quarter valued at $403,000. Rhumbline Advisers purchased a new stake in First Financial Northwest during the second quarter valued at about $188,000. Commonwealth Equity Services LLC increased its stake in First Financial Northwest by 9.8% during the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of First Financial Northwest by 45.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock valued at $1,336,000 after purchasing an additional 19,670 shares in the last quarter. Hedge funds and other 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.