First Foundation Inc. (NASDAQ:FFWM) Receives $6.80 Consensus Target Price from Analysts

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) has been given an average recommendation of "Hold" by the six analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.80.

A number of equities analysts have recently issued reports on FFWM shares. Wall Street Zen downgraded shares of First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $7.00 target price on shares of First Foundation and gave the company a "buy" rating in a research report on Wednesday, May 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millstone Evans Group LLC purchased a new position in shares of First Foundation in the fourth quarter worth $30,000. Cloud Capital Management LLC purchased a new position in shares of First Foundation during the first quarter worth $25,000. GAMMA Investing LLC raised its holdings in shares of First Foundation by 90.0% during the first quarter. GAMMA Investing LLC now owns 5,039 shares of the bank's stock worth $26,000 after purchasing an additional 2,387 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of First Foundation by 665.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after purchasing an additional 4,424 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of First Foundation during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 73.10% of the company's stock.

First Foundation Trading Up 1.9%

NASDAQ:FFWM traded up $0.10 during mid-day trading on Wednesday, hitting $5.14. 707,529 shares of the stock traded hands, compared to its average volume of 649,278. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $423.05 million, a price-to-earnings ratio of -3.83 and a beta of 0.99. The firm's 50 day moving average is $5.14 and its two-hundred day moving average is $5.51. First Foundation has a 52 week low of $4.42 and a 52 week high of $8.52.

About First Foundation

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits.