Acadian Asset Management LLC Reduces Stake in First Financial Northwest, Inc. (NASDAQ:FFNW) – 13F Filing Analysis
Are you interested in the world of finance and investing? If so, you’ll want to pay attention to the recent moves made by Acadian Asset Management LLC in regards to First Financial Northwest, Inc. (NASDAQ:FFNW).
In a recent filing with the Securities and Exchange Commission (SEC), Acadian Asset Management LLC revealed that they reduced their stake in First Financial Northwest by a significant 70.4% in the first quarter. This move caught the attention of many investors and analysts in the financial world.
But Acadian Asset Management LLC isn’t the only institutional investor making moves with First Financial Northwest. Choreo LLC, Black Maple Capital Management LP, Vanguard Group Inc., and Strategic Value Bank Partners LLC have all recently added to or reduced their stakes in the company as well. This flurry of activity from major players in the financial industry has sparked interest and speculation about the future of First Financial Northwest.
In addition to the actions of institutional investors, Wall Street analysts have also been closely monitoring First Financial Northwest. Piper Sandler recently downgraded the stock from an “overweight” rating to a “neutral” rating, with a price target of $23.50. This change in rating has added to the buzz surrounding First Financial Northwest and has investors wondering what the future holds for the company.
When it comes to the stock performance of First Financial Northwest, there is much to consider. With a market capitalization of $205.22 million and a P/E ratio of 67.79, the company has been making waves in the financial world. The recent earnings report from First Financial Northwest showed promising results, with the bank beating analysts’ consensus estimates and reporting a return on equity of 1.98%.
But perhaps the most exciting news for investors is the recent dividend announcement from First Financial Northwest. The company recently announced a quarterly dividend, which was paid out to shareholders on June 21st. With a dividend payout ratio of 157.58% and a yield of 2.32%, this news has investors eagerly awaiting the next announcement from the company.
Overall, First Financial Northwest, Inc. is a company that is making waves in the financial world. With the attention of institutional investors, Wall Street analysts, and individual investors alike, the future looks bright for this bank holding company. Keep an eye on First Financial Northwest for more exciting developments in the world of finance and investing.
