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

Shares of First Foundation Inc. (NASDAQ:FFWM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.80.

A number of research firms have recently commented on FFWM. Jefferies Financial Group set a $7.00 price objective on First Foundation and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of First Foundation from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, Piper Sandler reduced their price objective on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, February 3rd.

First Foundation Stock Up 4.2%

Shares of NASDAQ FFWM traded up $0.22 during mid-day trading on Friday, hitting $5.39. The company had a trading volume of 495,377 shares, compared to its average volume of 639,263. The company has a market capitalization of $443.65 million, a PE ratio of -4.02 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 1-year low of $4.42 and a 1-year high of $8.52. The business's 50-day simple moving average is $5.04 and its 200 day simple moving average is $5.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. North Reef Capital Management LP boosted its position in First Foundation by 182.7% during the fourth 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 during the period. Azora Capital LP boosted its position in First Foundation by 1.6% during the 4th quarter. Azora Capital LP now owns 4,153,917 shares of the bank's stock valued at $25,796,000 after buying an additional 63,621 shares during the period. Vanguard Group Inc. boosted its position in First Foundation by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 4,141,752 shares of the bank's stock valued at $21,496,000 after buying an additional 316,949 shares during the period. Fortress Investment Group LLC raised its holdings 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 worth $25,081,000 after purchasing an additional 714,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in First Foundation by 19.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank's stock worth $14,711,000 after purchasing an additional 379,288 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company's stock.

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.