First Foundation (NASDAQ:FFWM) Upgraded at StockNews.com

First Foundation (NASDAQ:FFWM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.

Separately, Piper Sandler reduced their target price on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.75.

First Foundation Trading Up 3.9 %

NASDAQ FFWM traded up $0.20 during mid-day trading on Monday, hitting $5.32. The company's stock had a trading volume of 1,160,554 shares, compared to its average volume of 633,298. The firm has a market capitalization of $438.13 million, a P/E ratio of -3.97 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 52-week low of $4.42 and a 52-week high of $8.52. The stock's fifty day simple moving average is $4.91 and its two-hundred day simple moving average is $6.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in shares of First Foundation in the 1st quarter valued at approximately $25,000. Moran Wealth Management LLC acquired a new position in First Foundation during the 1st quarter worth $55,000. SummerHaven Investment Management LLC increased its position in shares of First Foundation by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 149,335 shares of the bank's stock worth $775,000 after purchasing an additional 2,792 shares during the last quarter. GAMMA Investing LLC increased its position in shares of First Foundation by 90.0% in the 1st 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. Finally, State of Wyoming acquired a new stake in shares of First Foundation in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 73.10% of the company's stock.

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.