First Financial Northwest (NASDAQ:FFNW) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

First Financial Northwest, Inc. (NASDAQ:FFNW)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FFNW. StockNews.com lowered 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 objective on shares of First Financial Northwest in a report on Thursday, January 30th.

First Financial Northwest Stock Performance

The company has a market capitalization of $208.46 million, a price-to-earnings ratio of 205.38 and a beta of 0.51. The firm has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $21.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.04.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that First Financial Northwest, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC boosted its holdings in First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after buying an additional 2,317 shares during the last quarter. Wells Fargo & Company MN boosted 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 acquiring an additional 898 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Financial Northwest by 167.3% during the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after purchasing an additional 5,013 shares in the last quarter. Bank of America Corp DE raised its stake in First Financial Northwest by 29.9% in the 4th quarter. Bank of America Corp DE now owns 9,035 shares of the bank’s stock valued at $196,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Barclays PLC raised its stake in 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 purchasing an additional 6,689 shares during the last quarter. Institutional investors and hedge funds 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.