1 week Ago By Defense World Staff
Geode Capital Management LLC decreased its position in First Financial Northwest, Inc. (NASDAQ:FFNW – Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 170,083 shares of the bank’s stock after selling 1,841 shares during the quarter. Geode Capital Management LLC owned 1.84% of First Financial Northwest worth $3,691,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in First Financial Northwest by 2.7% in the third quarter.
State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after acquiring an additional 2,312 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in First Financial Northwest by 3.8% in the fourth quarter.
Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock valued at $1,298,000 after acquiring an additional 2,182 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in First Financial Northwest during the fourth quarter worth approximately $603,000. JPMorgan Chase & Co.
raised its holdings in First Financial Northwest by 198.6% during the fourth quarter. JPMorgan Chase & Co.
now owns 23,912 shares of the bank’s stock worth $519,000 after purchasing an additional 15,903 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in First Financial Northwest during the fourth quarter worth approximately $477,000. Institutional investors and hedge funds own 55.
00% of the company’s stock. First Financial Northwest Stock PerformanceShares of FFNW opened at $22.56 on Monday.
The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.
62. The firm has a market cap of $208.18 million, a PE ratio of 205.
11 and a beta of 0.25. The company’s 50 day simple moving average is $22.
04 and its 200-day simple moving average is $21.95. First Financial Northwest, Inc.
has a 12-month low of $18.03 and a 12-month high of $23.50.
First Financial Northwest (NASDAQ:FFNW – Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
05 by $0.08. First Financial Northwest had a net margin of 1.
34% and a return on equity of 0.67%. As a group, equities analysts predict that First Financial Northwest, Inc.
will post 0.3 EPS for the current year. Analysts Set New Price TargetsA number of analysts have weighed in on the stock.
DA Davidson reissued a “neutral” rating and set a $22.00 price objective on shares of First Financial Northwest in a report on Thursday, January 30th. StockNews.
com cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Monday, March 24th.Read Our Latest Research Report on First Financial NorthwestFirst Financial Northwest Profile (Free Report)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.
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