First Foundation Inc. (NASDAQ:FFWM) Receives Average Rating of "Hold" from Brokerages

Shares of First Foundation Inc. (NASDAQ:FFWM - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.80.

FFWM has been the topic of several research reports. Wall Street Zen lowered First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Piper Sandler cut their target price on First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Jefferies Financial Group set a $7.00 price target on First Foundation and gave the stock a "buy" rating in a research note on Wednesday, May 21st.

Institutional Trading of First Foundation

Hedge funds have recently modified their holdings of the business. North Reef Capital Management LP boosted its position in shares of First Foundation by 182.7% during the 4th quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank's stock worth $27,242,000 after purchasing an additional 2,835,000 shares in the last quarter. Azora Capital LP increased its stake in First Foundation by 1.6% in the fourth quarter. Azora Capital LP now owns 4,153,917 shares of the bank's stock valued at $25,796,000 after purchasing an additional 63,621 shares during the last quarter. Vanguard Group Inc. increased its stake in First Foundation by 8.3% in the first quarter. Vanguard Group Inc. now owns 4,141,752 shares of the bank's stock valued at $21,496,000 after purchasing an additional 316,949 shares during the last quarter. Fortress Investment Group LLC increased its stake in First Foundation by 21.5% in the fourth quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank's stock valued at $25,081,000 after purchasing an additional 714,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in First Foundation by 19.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank's stock valued at $14,711,000 after acquiring an additional 379,288 shares during the period. 73.10% of the stock is owned by institutional investors and hedge funds.

First Foundation Trading Up 0.5%

Shares of NASDAQ FFWM traded up $0.03 during mid-day trading on Friday, reaching $5.26. 448,688 shares of the company's stock were exchanged, compared to its average volume of 639,449. The firm has a market capitalization of $432.94 million, a price-to-earnings ratio of -3.92 and a beta of 1.01. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. First Foundation has a 52-week low of $4.42 and a 52-week high of $8.52. The company's 50-day moving average is $5.07 and its 200-day moving average is $5.77.

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.