Notable Runner: Could FIRST FINANCIAL NORTHWEST, INC. Change Direction After Touching All Time High?

Notable Runner: Could FIRST FINANCIAL NORTHWEST, INC. Change Direction After Touching All Time High?

The stock of FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) reached all time high today, Oct, 28 and still has $30.21 target or 101.00% above today’s $15.03 share price. This indicates more upside for the $201.68M company. This technical setup was reported by Barchart.com. If the $30.21 PT is reached, the company will be worth $203.70M 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 37,208 shares traded hands. FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) has risen 6.43% since March 28, 2016 and is uptrending. It has outperformed by 1.72% 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 2016 Q2. Its up 0.89, from 1.35 in 2016Q1. The ratio increased, 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.
Deutsche Fincl Bank Ag, a Germany-based fund reported 43,031 shares. State Street accumulated 0% or 83,168 shares. The Washington-based Parametric Portfolio Assocs Limited Liability Corp has invested 0% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). The Texas-based Dimensional Fund Advsrs Ltd Partnership has invested 0.01% in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Beese Fulmer Mngmt owns 13,360 shares or 0.05% of their US portfolio. Panagora Asset accumulated 0% or 8,929 shares. Nationwide Fund Advsr has invested 0% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW). Moreover, Barclays Plc has 0% invested in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 4 shares. Bridgeway Capital Mgmt accumulated 0.04% or 183,432 shares. Renaissance Technology Ltd Liability Company last reported 0.01% of its portfolio in the stock. New York State Common Retirement Fund, a New York-based fund reported 9,300 shares. Victory Cap Management accumulated 0% or 70,538 shares. Goldman Sachs Gp Inc last reported 0% of its portfolio in the stock. Invesco Ltd last reported 0% of its portfolio in the stock. Peak6 Invs L P holds 0% of its portfolio in FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) for 2,256 shares.

More important recent FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) news were published by: Globenewswire.com which released: “First Financial Northwest, Inc. Reports Third Quarter Net Income of $2.6 …” on October 27, 2016, also Globenewswire.com published article titled: “First Financial Northwest, Inc. Announces the Adoption of a New Stock …”, Globenewswire.com published: “First Financial Northwest, Inc. Announces Final Results of Its Self-Tender Offer” on August 15, 2016. More interesting news about FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) was released by: Globenewswire.com and their article: “First Financial Northwest, Inc. Commences Self Tender Offer to Repurchase up …” with publication date: July 13, 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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