First Financial Northwest (NASDAQ:FFNW) Share Price Crosses Above 200-Day Moving Average of $20.14

First Financial Northwest, Inc. (NASDAQ:FFNW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.14 and traded as high as $21.66. First Financial Northwest shares last traded at $21.57, with a volume of 41,926 shares.

First Financial Northwest Stock Performance

The company has a market capitalization of $197.80 million, a price-to-earnings ratio of 65.37 and a beta of 0.54. The stock has a fifty day moving average price of $21.00 and a two-hundred day moving average price of $20.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Tuesday, April 30th. The bank reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.21). First Financial Northwest had a return on equity of 1.94% and a net margin of 3.78%. The company had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.93 million. As a group, analysts forecast that First Financial Northwest, Inc. will post 0.25 EPS for the current fiscal year.

First Financial Northwest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.52 annualized dividend and a yield of 2.41%. First Financial Northwest’s payout ratio is currently 157.58%.

Hedge Funds Weigh In On First Financial Northwest

Several institutional investors have recently added to or reduced their stakes in FFNW. FNY Investment Advisers LLC acquired a new position in First Financial Northwest in the fourth quarter valued at $117,000. Choreo LLC increased its stake in First Financial Northwest by 15.6% in the fourth quarter. Choreo LLC now owns 19,280 shares of the bank’s stock valued at $260,000 after purchasing an additional 2,600 shares during the last quarter. Strategic Value Bank Partners LLC increased its stake in First Financial Northwest by 6.4% in the fourth quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock valued at $6,788,000 after purchasing an additional 30,468 shares during the last quarter. Black Maple Capital Management LP increased its stake in First Financial Northwest by 86.1% during the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock worth $1,310,000 after acquiring an additional 44,952 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in First Financial Northwest by 6.2% during the first quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock worth $7,575,000 after acquiring an additional 21,447 shares during the last quarter. 55.00% of the stock is currently owned by institutional investors and hedge funds.

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.