First Foundation Inc. (NASDAQ:FFWM - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.28 and traded as high as $5.54. First Foundation shares last traded at $5.21, with a volume of 746,610 shares trading hands.
Analyst Ratings Changes
A number of research firms have weighed in on FFWM. Jefferies Financial Group set a $7.00 price target on First Foundation and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th.
View Our Latest Analysis on First Foundation
First Foundation Stock Down 0.2%
The firm has a market cap of $435.90 million, a PE ratio of -3.95 and a beta of 0.97. The stock has a 50-day simple moving average of $5.28 and a two-hundred day simple moving average of $5.28. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in shares of First Foundation in the fourth quarter worth about $30,000. Cloud Capital Management LLC bought a new stake in shares of First Foundation in the first quarter worth about $25,000. GAMMA Investing LLC grew its stake in shares of First Foundation by 90.0% in the first quarter. GAMMA Investing LLC now owns 5,039 shares of the bank's stock worth $26,000 after purchasing an additional 2,387 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of First Foundation by 665.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after purchasing an additional 4,424 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of First Foundation in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 73.10% of the company's stock.
First Foundation Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider First Foundation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Foundation wasn't on the list.
While First Foundation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
