First Financial Northwest (NASDAQ:FFNW) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

First Financial Northwest, Inc. (NASDAQ:FFNW)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.06 and traded as low as $21.42. First Financial Northwest shares last traded at $21.46, with a volume of 17,189 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

First Financial Northwest Stock Down 1.8 %

The business’s fifty day moving average is $22.27 and its two-hundred day moving average is $22.07. The stock has a market cap of $198.08 million, a price-to-earnings ratio of 195.11 and a beta of 0.52. 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, October 29th. The bank reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.14). First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. The company had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. Equities analysts forecast that First Financial Northwest, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Financial Northwest

Several hedge funds have recently added to or reduced their stakes in FFNW. MetLife Investment Management LLC raised its stake in First Financial Northwest by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after acquiring an additional 2,317 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Financial Northwest by 167.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock valued at $180,000 after purchasing an additional 5,013 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of First Financial Northwest in the 2nd quarter valued at about $188,000. Barclays PLC increased its position in First Financial Northwest by 272.9% during the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock worth $206,000 after buying an additional 6,689 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in First Financial Northwest by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock valued at $253,000 after buying an additional 1,069 shares during the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

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.