First Foundation (NASDAQ:FFWM - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday.
Separately, Piper Sandler decreased their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.75.
Read Our Latest Report on FFWM
First Foundation Stock Performance
FFWM traded up $0.20 during trading on Monday, reaching $5.32. 1,160,554 shares of the company's stock were exchanged, compared to its average volume of 632,655. 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. The company's fifty day simple moving average is $4.91 and its 200-day simple moving average is $6.05. The stock has a market capitalization of $438.13 million, a P/E ratio of -3.97 and a beta of 1.19.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in FFWM. Millstone Evans Group LLC acquired a new position in First Foundation during the fourth quarter worth $30,000. Cloud Capital Management LLC acquired a new position in shares of First Foundation during the 1st quarter worth about $25,000. GAMMA Investing LLC lifted its stake in First Foundation by 90.0% in the 1st quarter. GAMMA Investing LLC now owns 5,039 shares of the bank's stock valued at $26,000 after buying an additional 2,387 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in First Foundation by 665.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after buying an additional 4,424 shares during the last quarter. Finally, State of Wyoming purchased a new stake in First Foundation during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 73.10% of the company's stock.
About First Foundation
(
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.
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