Mariner LLC Purchases 5,193 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW)

Mariner LLC increased its position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,485 shares of the bank’s stock after acquiring an additional 5,193 shares during the quarter. Mariner LLC owned about 0.87% of First Financial Northwest worth $1,747,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Northwest in the 4th quarter valued at $603,000. State Street Corp boosted its holdings in First Financial Northwest by 2.7% during the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock worth $1,969,000 after buying an additional 2,312 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of First Financial Northwest by 167.3% during 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. Barclays PLC increased its stake 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. Finally, Bank of New York Mellon Corp raised its position in shares of First Financial Northwest by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock valued at $1,298,000 after acquiring an additional 2,182 shares during the period. Institutional investors own 55.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

First Financial Northwest Price Performance

Shares of FFNW opened at $22.56 on Friday. The stock has a 50 day simple moving average of $22.01 and a 200 day simple moving average of $21.96. First Financial Northwest, Inc. has a 52-week low of $18.03 and a 52-week high of $23.50. 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 has a market capitalization of $208.18 million, a PE ratio of 205.11 and a beta of 0.25.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly 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%. Sell-side analysts predict that First Financial Northwest, Inc. will post 0.3 EPS for the current fiscal 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.