First Foundation Inc. (NASDAQ:FFWM) Receives $6.75 Average PT from Analysts

Shares of First Foundation Inc. (NASDAQ:FFWM) have been assigned an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.75.

Several research firms have issued reports on FFWM. Piper Sandler dropped their price target on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com upgraded First Foundation from a “sell” rating to a “hold” rating in a research note on Monday, April 28th.

Institutional Trading of First Foundation

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its position in First Foundation by 30.0% during the third quarter. Barclays PLC now owns 145,932 shares of the bank’s stock worth $911,000 after purchasing an additional 33,666 shares during the period. Geode Capital Management LLC boosted its holdings in shares of First Foundation by 21.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank’s stock worth $8,844,000 after buying an additional 249,237 shares during the period. JPMorgan Chase & Co. grew its stake in First Foundation by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,210 shares of the bank’s stock valued at $313,000 after buying an additional 12,586 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in First Foundation in the 4th quarter valued at about $775,000. Finally, FLC Capital Advisors lifted its position in First Foundation by 3.6% during the fourth quarter. FLC Capital Advisors now owns 140,805 shares of the bank’s stock worth $874,000 after acquiring an additional 4,944 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Stock Performance

Shares of First Foundation stock opened at $5.32 on Tuesday. The stock’s fifty day simple moving average is $4.91 and its 200 day simple moving average is $6.03. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $438.13 million, a PE ratio of -3.97 and a beta of 1.01. First Foundation has a 12 month low of $4.42 and a 12 month high of $8.52.

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.