The stock of FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) hit a new 52-week high and has $30.52 target or 89.00% above today’s $16.15 share price. The 6 months bullish chart indicates low risk for the $216.19M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $30.52 price target is reached, the company will be worth $192.41 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 50,002 shares traded hands. FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) has risen 18.45% since April 11, 2016 and is uptrending. It has outperformed by 12.31% the S&P500.
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 Q2 2016. 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.
Blackrock Fund has 0% invested in the company for 244,023 shares. Schwab Charles Investment Mgmt Inc holds 0% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 10,300 shares. Nationwide Fund owns 13,635 shares or 0% of their US portfolio. The Massachusetts-based Numeric Limited Liability has invested 0.01% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). The New York-based Goldman Sachs Group Incorporated has invested 0% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Morgan Stanley holds 0% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 22,482 shares. Creative Planning reported 10,131 shares or 0% of all its holdings. Blackrock Institutional Tru Com Na holds 0% or 67,651 shares in its portfolio. Spark Investment Management Llc holds 0.02% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 14,400 shares. Kennedy Cap Mgmt has 203,253 shares for 0.05% of their US portfolio. California State Teachers Retirement System has 19,055 shares for 0% of their US portfolio. Geode Ltd accumulated 0% or 58,342 shares. Lpl Limited Liability Company holds 0% or 25,000 shares in its portfolio. State Street Corporation accumulated 0% or 83,168 shares. Brighton Jones Lc last reported 0.04% of its portfolio in the stock.
More notable recent FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) news were published by: Globenewswire.com which released: “First Financial Northwest, Inc. Announces Final Results of Its Self-Tender Offer” on August 15, 2016, also Globenewswire.com with their article: “First Financial Northwest, Inc. Announces the Adoption of a New Stock …” published on September 09, 2016, Globenewswire.com published: “First Financial Northwest, Inc. Announces – First Financial Northwest Bank and …” on June 03, 2016. More interesting news about FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) were released by: Globenewswire.com and their article: “First Financial Northwest, Inc. Announces Completion of Charter Change of …” published on February 04, 2016 as well as Globenewswire.com‘s news article titled: “First Financial Northwest, Inc. Reports Third Quarter Net Income of $2.6 …” with publication date: October 27, 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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