First Foundation Inc. (NYSE:FFWM) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts have an average recommendation of Moderate Buy on First Foundation from six covering firms (1 sell, 2 hold, 2 buy, 1 strong buy) with a 12‑month average price target of $6.58.
• The company missed the most recent quarter, reporting $(0.04) EPS versus $0.02 expected and a negative net margin of 26.37%; the stock trades around $5.90 (52‑week range $4.41–$6.72) with a market cap near $489M.
• Institutional investors hold 73.10% of the shares, and several hedge funds recently initiated small positions in the stock.

Shares of First Foundation Inc. (NYSE:FFWM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $6.5833.

A number of equities analysts recently commented on FFWM shares. Weiss Ratings restated a "sell (d-)" rating on shares of First Foundation in a report on Friday, March 27th. DA Davidson cut shares of First Foundation from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th.

Hedge Funds Weigh In On First Foundation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in shares of First Foundation in the third quarter worth $27,000. nVerses Capital LLC acquired a new stake in shares of First Foundation in the fourth quarter valued at $63,000. Susquehanna Fundamental Investments LLC purchased a new position in First Foundation in the fourth quarter valued at $66,000. DRW Securities LLC purchased a new position in First Foundation in the fourth quarter valued at $67,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in First Foundation during the 3rd quarter worth $68,000. Hedge funds and other institutional investors own 73.10% of the company's stock.

First Foundation Stock Performance

FFWM opened at $5.90 on Monday. First Foundation has a 52 week low of $4.41 and a 52 week high of $6.72. The business has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $5.83. The firm has a market cap of $489.29 million, a P/E ratio of -3.12 and a beta of 0.88. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 1.73.

First Foundation (NYSE:FFWM - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06). The firm had revenue of $48.36 million during the quarter. First Foundation had a negative net margin of 26.37% and a positive return on equity of 1.09%.

First Foundation Company Profile

First Foundation Inc NYSE: FFWM is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation's integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company's wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.

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