First Financial Northwest (NASDAQ:FFNW) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a research note released on Tuesday.

Separately, Piper Sandler cut 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.

First Financial Northwest Price Performance

Shares of NASDAQ FFNW opened at $22.66 on Tuesday. The stock has a market cap of $207.88 million, a price-to-earnings ratio of 68.67 and a beta of 0.53. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. First Financial Northwest has a fifty-two week low of $10.78 and a fifty-two week high of $23.50. The firm’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $21.66.

Institutional Investors Weigh In On First Financial Northwest

A number of institutional investors have recently added to or reduced their stakes in FFNW. Rhumbline Advisers purchased a new position in shares of First Financial Northwest in the 2nd quarter worth about $188,000. Commonwealth Equity Services LLC raised its stake in First Financial Northwest by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock valued at $253,000 after acquiring an additional 1,069 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new stake in First Financial Northwest during the third quarter valued at about $312,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of First Financial Northwest during the 2nd quarter valued at approximately $403,000. Finally, Clear Harbor Asset Management LLC bought a new stake in First Financial Northwest during the 2nd quarter valued at $411,000. 55.00% of the stock is owned by institutional investors.

First Financial Northwest Company 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.