First Financial Northwest (NASDAQ:FFNW) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

First Financial Northwest, Inc. (NASDAQ:FFNW)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.76 and traded as high as $22.66. First Financial Northwest shares last traded at $22.02, with a volume of 40,403 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on FFNW shares. StockNews.com cut First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. 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 report on Friday, July 26th.

First Financial Northwest Stock Performance

The stock has a 50 day simple moving average of $22.60 and a 200 day simple moving average of $21.76. The company has a market cap of $202.14 million, a price-to-earnings ratio of 200.18 and a beta of 0.53. 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) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The company had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, analysts predict that First Financial Northwest, Inc. will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FFNW. Vanguard Group Inc. increased its position in shares of 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. Black Maple Capital Management LP increased its position in shares of 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 worth $2,913,000 after acquiring an additional 44,494 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of First Financial Northwest during the second quarter worth about $411,000. Bank of New York Mellon Corp increased its position in shares of 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 worth $1,336,000 after acquiring an additional 19,670 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First Financial Northwest by 9.8% during the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after acquiring an additional 1,069 shares during the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.