First Foundation (NASDAQ:FFWM) Given a $7.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $7.00 price target on First Foundation (NASDAQ:FFWM - Free Report) in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the bank's stock.

FFWM has been the topic of several other research reports. Wall Street Zen downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Piper Sandler dropped their price objective on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.80.

First Foundation Trading Down 0.7%

Shares of FFWM traded down $0.04 during midday trading on Wednesday, hitting $5.17. The stock had a trading volume of 594,041 shares, compared to its average volume of 639,840. The stock's 50 day moving average is $5.04 and its 200 day moving average is $5.81. The firm has a market cap of $425.52 million, a PE ratio of -3.85 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.

Institutional Investors Weigh In On First Foundation

A number of large investors have recently made changes to their positions in the stock. Mendon Capital Advisors Corp lifted its position in First Foundation by 23.2% during the 1st quarter. Mendon Capital Advisors Corp now owns 460,386 shares of the bank's stock worth $2,389,000 after acquiring an additional 86,675 shares during the period. Jane Street Group LLC boosted its position in First Foundation by 273.2% in the first quarter. Jane Street Group LLC now owns 110,230 shares of the bank's stock valued at $572,000 after buying an additional 80,696 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in First Foundation by 28.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 618,288 shares of the bank's stock worth $3,209,000 after buying an additional 136,308 shares during the period. EJF Capital LLC increased its holdings in First Foundation by 53.3% in the 1st quarter. EJF Capital LLC now owns 265,378 shares of the bank's stock worth $1,377,000 after buying an additional 92,212 shares during the period. Finally, Curi RMB Capital LLC lifted its stake in First Foundation by 26.8% during the 1st quarter. Curi RMB Capital LLC now owns 400,000 shares of the bank's stock valued at $2,076,000 after acquiring an additional 84,500 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.