First Financial Northwest (NASDAQ:FFNW) Rating Lowered to Sell at StockNews.com

Market Beat
2024.09.10 06:06
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First Financial Northwest (NASDAQ:FFNW) has been downgraded from a 'hold' to a 'sell' rating by StockNews.com. Additionally, Piper Sandler has lowered its rating from 'overweight' to 'neutral' with a target price set at $0.50. The stock recently opened at $0.57, experiencing a slight decline of 0.1%. Analysts predict a FY EPS of $0.27 for the company, which operates as a bank holding company in Washington, providing various banking services.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.

Separately, Piper Sandler lowered First Financial Northwest from an "overweight" rating to a "neutral" rating and set a $23.50 target price on the stock. in a research report on Friday, July 26th.

Read Our Latest Stock Analysis on FFNW

First Financial Northwest Stock Down 0.1 %

NASDAQ FFNW opened at $22.57 on Tuesday. The stock has a market cap of $207.19 million, a PE ratio of 68.40 and a beta of 0.53. The business has a 50 day moving average price of $21.91 and a two-hundred day moving average price of $21.15. First Financial Northwest has a fifty-two week low of $10.09 and a fifty-two week high of $22.88. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last announced its earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $19.99 million during the quarter, compared to the consensus estimate of $9.60 million. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. As a group, sell-side analysts predict that First Financial Northwest will post 0.27 EPS for the current fiscal year.

Institutional Trading of First Financial Northwest

Several institutional investors have recently added to or reduced their stakes in the stock. Strategic Value Bank Partners LLC grew its holdings in First Financial Northwest by 6.4% during the 4th quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank's stock worth $6,788,000 after acquiring an additional 30,468 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Financial Northwest by 6.2% in the first quarter. Vanguard Group Inc. now owns 368,446 shares of the bank's stock valued at $7,575,000 after buying an additional 21,447 shares during the last quarter. Black Maple Capital Management LP raised its stake in First Financial Northwest by 45.8% during the first quarter. Black Maple Capital Management LP now owns 141,677 shares of the bank's stock valued at $2,913,000 after buying an additional 44,494 shares in the last quarter. Bank of New York Mellon Corp raised its stake in First Financial Northwest by 45.2% during the second quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank's stock valued at $1,336,000 after buying an additional 19,670 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in First Financial Northwest during the 2nd quarter worth approximately $411,000. 55.00% of the stock is owned by institutional investors and hedge funds.

About First Financial Northwest

(Get Free Report)

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.

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