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

First Foundation (NASDAQ:FFWM) 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 lowered their price objective on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, First Foundation has a consensus rating of “Hold” and an average price target of $6.75.

First Foundation Stock Performance

NASDAQ:FFWM opened at $4.96 on Monday. The company has a market capitalization of $408.22 million, a price-to-earnings ratio of -3.70 and a beta of 1.19. First Foundation has a 1-year low of $4.42 and a 1-year high of $8.52. The business has a 50 day moving average of $4.90 and a 200 day moving average of $6.08. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FFWM. Cloud Capital Management LLC purchased a new position in First Foundation in the 1st quarter worth approximately $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 worth $26,000 after purchasing an additional 2,387 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of First Foundation during the fourth quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings 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 purchased a new stake in shares of First Foundation in the fourth quarter worth about $48,000. 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.