176,102 Shares in First Financial Northwest, Inc. (NASDAQ:FFNW) Acquired by Cigogne Management SA

Cigogne Management SA bought a new stake in First Financial Northwest, Inc. (NASDAQ:FFNW) in the 4th quarter, HoldingsChannel reports. The fund bought 176,102 shares of the bank’s stock, valued at approximately $3,821,000. First Financial Northwest comprises approximately 2.3% of Cigogne Management SA’s portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of First Financial Northwest by 17.9% in 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 in the last quarter. JPMorgan Chase & Co. raised its stake in First Financial Northwest by 167.3% in the third 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 last quarter. Barclays PLC boosted its holdings in First Financial Northwest by 272.9% in the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after acquiring an additional 6,689 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of First Financial Northwest during the fourth quarter worth about $477,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Northwest during the fourth quarter valued at about $603,000. 55.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FFNW. DA Davidson reissued a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a research report on Thursday, January 30th. StockNews.com lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Monday, March 24th.

First Financial Northwest Stock Performance

First Financial Northwest stock opened at $22.56 on Thursday. The stock has a 50-day moving average price of $21.99 and a 200 day moving average price of $21.96. The company has a market capitalization of $208.18 million, a price-to-earnings ratio of 205.11 and a beta of 0.25. First Financial Northwest, Inc. has a 52 week low of $18.03 and a 52 week high of $23.50. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 EPS 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%. Sell-side analysts anticipate that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

First Financial Northwest 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.