First Foundation Inc. (NASDAQ:FFWM) Receives $6.75 Consensus Target Price from Analysts

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.75.

Several equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of First Foundation from a "sell" rating to a "hold" rating in a research report on Monday, April 28th.

Institutional Investors Weigh In On First Foundation

A number of large investors have recently added to or reduced their stakes in FFWM. North Reef Capital Management LP lifted its holdings in shares of First Foundation by 182.7% in the fourth quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank's stock valued at $27,242,000 after purchasing an additional 2,835,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of First Foundation by 25.4% during the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank's stock worth $23,752,000 after purchasing an additional 774,844 shares during the last quarter. Fortress Investment Group LLC lifted its stake in First Foundation by 21.5% in the 4th quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank's stock valued at $25,081,000 after buying an additional 714,000 shares in the last quarter. Royce & Associates LP grew its holdings in First Foundation by 48.6% during the 4th quarter. Royce & Associates LP now owns 1,277,619 shares of the bank's stock valued at $7,934,000 after buying an additional 417,849 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in First Foundation by 283.5% during the fourth quarter. Federated Hermes Inc. now owns 564,167 shares of the bank's stock worth $3,503,000 after buying an additional 417,044 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

First Foundation Price Performance

Shares of FFWM traded up $0.20 during mid-day trading on Tuesday, hitting $5.32. The company's stock had a trading volume of 1,160,554 shares, compared to its average volume of 632,383. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation has a 1-year low of $4.42 and a 1-year high of $8.52. The firm has a market capitalization of $438.13 million, a P/E ratio of -3.97 and a beta of 1.01. The firm has a 50-day simple moving average of $4.91 and a 200 day simple moving average of $6.02.

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.