First Financial Northwest, Inc. (NASDAQ:FFNW) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in First Financial Northwest, Inc. (NASDAQ:FFNW) by 167.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,009 shares of the bank’s stock after purchasing an additional 5,013 shares during the period. JPMorgan Chase & Co.’s holdings in First Financial Northwest were worth $180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FFNW. Western Standard LLC bought a new stake in shares of First Financial Northwest in the third quarter worth $5,368,000. Captrust Financial Advisors bought a new stake in shares of First Financial Northwest in the 3rd quarter worth about $789,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of First Financial Northwest in the 3rd quarter valued at about $312,000. Barclays PLC lifted its position in shares of 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 purchasing an additional 6,689 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in First Financial Northwest by 129.0% in the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock worth $93,000 after purchasing an additional 2,317 shares in the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Northwest Price Performance

FFNW opened at $21.14 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $21.62 and its 200 day moving average price is $22.08. First Financial Northwest, Inc. has a fifty-two week low of $20.10 and a fifty-two week high of $23.50. The firm has a market cap of $195.12 million, a price-to-earnings ratio of 192.20 and a beta of 0.53.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.67% and a net margin of 1.34%. As a group, sell-side analysts expect that First Financial Northwest, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FFNW. StockNews.com upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson restated a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a research note on Thursday.

First Financial Northwest 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.