The stock of FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) reached all time high today, Oct, 11 and still has $42.17 target or 191.00% above today’s $14.49 share price. This indicates more upside for the $193.50 million company. This technical setup was reported by Barchart.com. If the $42.17 PT is reached, the company will be worth $369.59M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 9,454 shares traded hands. FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) has risen 11.21% since March 8, 2016 and is uptrending. It has outperformed by 1.90% the S&P500.
Analysts await FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) to report earnings on October, 26. They expect $0.17 earnings per share, down 5.56% or $0.01 from last year’s $0.18 per share. FFNW’s profit will be $2.27M for 21.31 P/E if the $0.17 EPS becomes a reality. After $0.11 actual earnings per share reported by FIRST FINANCIAL NORTHWEST, INC. for the previous quarter, Wall Street now forecasts 54.55% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.24 in 2016 Q2. Its up 0.89, from 1.35 in 2016Q1. The ratio improved, as 7 funds sold all FIRST FINANCIAL NORTHWEST, INC. shares owned while 10 reduced positions. 15 funds bought stakes while 23 increased positions. They now own 4.31 million shares or 15.91% more from 3.72 million shares in 2016Q1.
Invesco Limited accumulated 15,023 shares or 0% of the stock. The Pennsylvania-based Sei Invs has invested 0% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Lsv Asset has 0% invested in the company for 500 shares. Moreover, Citigroup Inc has 0% invested in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 905 shares. Victory Capital Management owns 70,538 shares or 0% of their US portfolio. Geode Cap Mngmt Limited Co accumulated 0% or 58,342 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 359 shares. The New York-based Bank & Trust Of New York Mellon Corporation has invested 0% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Blackrock Fund Advisors reported 244,023 shares or 0% of all its holdings. Blackrock Advsrs Limited Liability Corp accumulated 0% or 5,823 shares. Dimensional Fund Advsrs L P holds 0.01% or 1.01M shares in its portfolio. Us Bank & Trust De holds 2,250 shares or 0% of its portfolio. Numeric Investors Limited has invested 0.01% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Beese Fulmer Mngmt has 13,360 shares for 0.05% of their US portfolio. Goldman Sachs Grp has 28,112 shares for 0% of their US portfolio.
More notable recent FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) news were published by: Globenewswire.com which released: “First Financial Northwest, Inc. Announces the Adoption of a New Stock …” on September 09, 2016, also Globenewswire.com with their article: “First Financial Northwest, Inc. Announces Final Results of Its Self-Tender Offer” published on August 15, 2016, Globenewswire.com published: “First Financial Northwest, Inc. Announces Preliminary Results of Self-Tender Offer” on August 10, 2016. More interesting news about FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) were released by: Globenewswire.com and their article: “First Financial Northwest, Inc. Announces – First Financial Northwest Bank …” published on June 02, 2016 as well as Globenewswire.com‘s news article titled: “First Financial Northwest, Inc. Announces – First Financial Northwest Bank and …” with publication date: June 03, 2016.
FFNW Company Profile
First Financial Northwest, Inc., incorporated on June 1, 2007, is a holding firm for First Financial Northwest Bank (the Bank). The Firm is a savings and loan holding company. 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. The Bank’s business consists of attracting deposits from the public and utilizing these funds to originate one- to four-family residential, multifamily, commercial real estate, construction/land development, business and consumer loans.
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