StockNews.com Initiates Coverage on First Financial Northwest (NASDAQ:FFNW)

StockNews.com assumed coverage on shares of First Financial Northwest (NASDAQ:FFNW) in a research report report published on Friday morning. The firm issued a sell rating on the bank’s stock.

Separately, DA Davidson reiterated a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a research report on Thursday, January 30th.

First Financial Northwest Stock Performance

NASDAQ:FFNW opened at $22.56 on Friday. The stock has a fifty day moving average price of $22.30 and a 200-day moving average price of $21.93. The company has a market cap of $208.18 million, a price-to-earnings ratio of 205.11 and a beta of 0.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest has a fifty-two week low of $18.03 and a fifty-two week high of $23.50.

Hedge Funds Weigh In On First Financial Northwest

A number of institutional investors have recently modified their holdings of the business. Western Standard LLC raised its holdings in shares of First Financial Northwest by 285.1% during the 4th quarter. Western Standard LLC now owns 917,940 shares of the bank’s stock worth $19,919,000 after buying an additional 679,593 shares in the last quarter. Cigogne Management SA acquired a new position in First Financial Northwest in the 4th quarter worth about $3,821,000. Credit Industriel ET Commercial acquired a new position in First Financial Northwest in the 4th quarter worth about $2,930,000. Mariner LLC increased its holdings in First Financial Northwest by 6.9% in the 4th quarter. Mariner LLC now owns 80,485 shares of the bank’s stock worth $1,747,000 after purchasing an additional 5,193 shares in the last quarter. Finally, CSS LLC IL increased its holdings in First Financial Northwest by 10.3% in the 4th quarter. CSS LLC IL now owns 76,824 shares of the bank’s stock worth $1,667,000 after purchasing an additional 7,149 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.