First Financial Northwest (NASDAQ:FFNW) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a $18.00 price target on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 15.31% from the stock’s previous close.

According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 target price on shares of First Financial Northwest in a research note on Friday, December 22nd.

Shares of First Financial Northwest (NASDAQ:FFNW) traded down $0.17 on Monday, reaching $15.61. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 15,650. The stock has a market cap of $170.79, a price-to-earnings ratio of 17.94, a PEG ratio of 1.53 and a beta of 0.32. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.17. First Financial Northwest has a 1-year low of $14.83 and a 1-year high of $21.29.

First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The company had revenue of $10.11 million for the quarter, compared to analysts’ expectations of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. research analysts expect that First Financial Northwest will post 0.81 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of First Financial Northwest by 35.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after purchasing an additional 4,463 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in First Financial Northwest in the 3rd quarter worth $204,000. SG Americas Securities LLC bought a new position in First Financial Northwest in the 3rd quarter worth $181,000. Context BH Capital Management LP boosted its holdings in First Financial Northwest by 2.6% in the 3rd quarter. Context BH Capital Management LP now owns 172,098 shares of the bank’s stock worth $2,924,000 after buying an additional 4,400 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in First Financial Northwest by 40.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

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About First Financial Northwest

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

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