First Financial Northwest, Inc. (NASDAQ:FFNW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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, ValuEngine lowered shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

First Financial Northwest (FFNW) traded up 2.00% during trading on Monday, reaching $17.33. The company’s stock had a trading volume of 23,354 shares. The firm has a 50-day moving average price of $16.26 and a 200-day moving average price of $16.44. First Financial Northwest has a 52 week low of $14.07 and a 52 week high of $21.29. The firm has a market capitalization of $191.32 million, a P/E ratio of 19.69 and a beta of 0.36.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). The business had revenue of $9.73 million during the quarter, compared to analyst estimates of $9.75 million. First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%. On average, equities analysts anticipate that First Financial Northwest will post $0.90 EPS for the current fiscal year.

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In other news, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.04, for a total transaction of $240,600.00. Following the sale, the insider now directly owns 44,250 shares of the company’s stock, valued at $709,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total value of $64,120.00. Following the sale, the insider now directly owns 4,000 shares in the company, valued at $64,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,219 shares of company stock valued at $421,060. Corporate insiders own 7.31% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC boosted its position in shares of First Financial Northwest by 0.5% in the 2nd quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock valued at $354,000 after purchasing an additional 100 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in First Financial Northwest by 1.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,635 shares of the bank’s stock worth $188,000 after purchasing an additional 112 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in First Financial Northwest by 5.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock worth $280,000 after purchasing an additional 804 shares in the last quarter. Teachers Advisors LLC increased its stake in First Financial Northwest by 8.9% in the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Northern Trust Corp increased its stake in First Financial Northwest by 2.1% in the 2nd quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock worth $1,518,000 after purchasing an additional 1,893 shares in the last quarter. 44.39% of the stock is owned by institutional investors and hedge funds.

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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