First Foundation (NYSE:FFWM) Upgraded at DA Davidson

DA Davidson upgraded shares of First Foundation (NYSE:FFWM) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of First Foundation in a research report on Monday, December 15th. Finally, Stephens raised shares of First Foundation from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

First Foundation Stock Performance

Shares of NYSE FFWM opened at $6.25 on Friday. The company has a market cap of $518 million, a P/E ratio of -3.19 and a beta of 0.96. First Foundation has a 52-week low of $4.41 and a 52-week high of $6.47. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 0.99. The firm’s fifty day moving average is $5.50 and its two-hundred day moving average is $5.49.

First Foundation (NYSE:FFWM) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.51 EPS for the quarter. First Foundation had a negative net margin of 26.09% and a negative return on equity of 0.07%. The business had revenue of $74.72 million during the quarter.

About First Foundation

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.