First Financial Northwest, Inc. (NASDAQ:FFNW) Stake Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 81.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 39,916 shares of the bank’s stock after selling 171,054 shares during the quarter. Alliancebernstein L.P.’s holdings in First Financial Northwest were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FFNW. Bank of New York Mellon Corp lifted its holdings in shares of First Financial Northwest by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 59,796 shares of the bank’s stock valued at $1,298,000 after buying an additional 2,182 shares during the last quarter. State Street Corp lifted its stake in shares of First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock worth $1,969,000 after buying an additional 2,312 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Financial Northwest by 167.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,009 shares of the bank’s stock worth $180,000 after buying an additional 5,013 shares during the period. Barclays PLC grew its stake in First Financial Northwest by 272.9% in the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after buying an additional 6,689 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in First Financial Northwest in the 4th quarter worth $477,000. Institutional investors and hedge funds own 55.00% of the company’s stock.

First Financial Northwest Price Performance

Shares of FFNW stock opened at $22.84 on Friday. The company has a market capitalization of $210.77 million, a P/E ratio of 207.66 and a beta of 0.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. First Financial Northwest, Inc. has a 12 month low of $18.03 and a 12 month high of $23.50. The stock has a 50 day moving average of $21.92 and a two-hundred day moving average of $21.96.

First Financial Northwest (NASDAQ:FFNW) last posted 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 net margin of 1.34% and a return on equity of 0.67%. As a group, equities analysts expect that First Financial Northwest, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FFNW. StockNews.com cut First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. DA Davidson reiterated a “neutral” rating and set a $22.00 target price on shares of First Financial Northwest in a research note on Thursday, January 30th.

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.