First Foundation Inc. (NASDAQ:FFWM) Given Consensus Rating of "Hold" by Analysts

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) has earned an average rating of "Hold" from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.80.

Several research firms have recently commented on FFWM. Piper Sandler reduced their price target 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. Wall Street Zen cut First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group set a $7.00 price target on First Foundation and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Hedge Funds Weigh In On First Foundation

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in First Foundation in the first quarter valued at $25,000. GAMMA Investing LLC grew its position in 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 buying an additional 2,387 shares during the period. Millstone Evans Group LLC purchased a new position in First Foundation in the fourth quarter valued at about $30,000. Farther Finance Advisors LLC boosted its stake in shares of First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after acquiring an additional 4,424 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of First Foundation in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 73.10% of the company's stock.

First Foundation Price Performance

FFWM traded down $0.09 on Friday, reaching $5.31. 172,708 shares of the company's stock were exchanged, compared to its average volume of 637,441. The stock has a market cap of $437.06 million, a PE ratio of -3.96 and a beta of 1.01. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. First Foundation has a twelve month low of $4.42 and a twelve month high of $8.52. The stock's fifty day moving average price is $5.05 and its 200-day moving average price is $5.79.

First Foundation Company Profile

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.