First Financial Northwest (NASDAQ:FFNW) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

First Financial Northwest, Inc. (NASDAQ:FFNW)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

First Financial Northwest Stock Performance

The stock has a 50-day moving average of $22.27 and a 200 day moving average of $22.06. The stock has a market cap of $198.08 million, a PE 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 issued its quarterly earnings data on Tuesday, October 29th. The bank reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.14). The business had revenue of $20.09 million during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.16 earnings per share. Equities analysts predict that First Financial Northwest, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On First Financial Northwest

A number of hedge funds have recently bought and sold shares of FFNW. MetLife Investment Management LLC raised its holdings in shares of First Financial Northwest by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,317 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Financial Northwest by 167.3% during the third quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after purchasing an additional 5,013 shares in the last quarter. Rhumbline Advisers purchased a new position in First Financial Northwest in the second quarter valued at $188,000. Barclays PLC raised its stake in First Financial Northwest by 272.9% in the third quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after buying an additional 6,689 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in First Financial Northwest by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after buying an additional 1,069 shares during the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.