First Foundation (NASDAQ:FFWM) Shares Cross Above Fifty Day Moving Average - Time to Sell?

First Foundation Inc. (NASDAQ:FFWM - Get Free Report)'s stock price 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 traded.

Wall Street Analysts Forecast Growth

FFWM has been the subject of several research analyst reports. Jefferies Financial Group set a $7.00 target price on First Foundation and gave the stock 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.

First Foundation Price Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a fifty day moving average of $5.28 and a two-hundred day moving average of $5.27. The stock has a market capitalization of $440.35 million, a P/E ratio of -3.99 and a beta of 0.97.

Institutional Trading of First Foundation

Several institutional investors and hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its holdings in shares of First Foundation by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 152,141 shares of the bank's stock valued at $776,000 after acquiring an additional 2,806 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of First Foundation by 28.3% in the first quarter. Goldman Sachs Group Inc. now owns 618,288 shares of the bank's stock valued at $3,209,000 after acquiring an additional 136,308 shares in the last quarter. Mendon Capital Advisors Corp raised its holdings in First Foundation by 23.2% in the first quarter. Mendon Capital Advisors Corp now owns 460,386 shares of the bank's stock worth $2,389,000 after purchasing an additional 86,675 shares in the last quarter. Jane Street Group LLC raised its holdings in First Foundation by 273.2% in the first quarter. Jane Street Group LLC now owns 110,230 shares of the bank's stock worth $572,000 after purchasing an additional 80,696 shares in the last quarter. Finally, EJF Capital LLC raised its holdings in First Foundation by 53.3% in the first quarter. EJF Capital LLC now owns 265,378 shares of the bank's stock worth $1,377,000 after purchasing an additional 92,212 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors.

About First Foundation

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.