Analysts Set First Foundation Inc. (NYSE:FFWM) Price Target at $6.58

Shares of First Foundation Inc. (NYSE:FFWM) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.5833.

Several analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of First Foundation in a research report on Monday, December 29th. DA Davidson lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research cut First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th.

Institutional Trading of First Foundation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FJ Capital Management LLC lifted its holdings in First Foundation by 964.2% in the 2nd quarter. FJ Capital Management LLC now owns 1,478,574 shares of the company’s stock worth $7,541,000 after purchasing an additional 1,339,637 shares in the last quarter. ABC Arbitrage SA purchased a new stake in First Foundation during the 4th quarter valued at approximately $6,698,000. JPMorgan Chase & Co. raised its position in shares of First Foundation by 238.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,446,143 shares of the company’s stock valued at $8,908,000 after buying an additional 1,019,429 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of First Foundation by 6,596.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,033,648 shares of the company’s stock valued at $6,367,000 after buying an additional 1,018,212 shares during the last quarter. Finally, North Reef Capital Management LP lifted its holdings in shares of First Foundation by 13.2% in the fourth quarter. North Reef Capital Management LP now owns 7,812,475 shares of the company’s stock worth $48,125,000 after buying an additional 912,169 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Trading Up 1.2%

Shares of FFWM stock opened at $5.65 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.94. The company has a market cap of $467.88 million, a price-to-earnings ratio of -2.99 and a beta of 0.92. First Foundation has a 1 year low of $4.41 and a 1 year high of $6.72. The firm has a fifty day moving average price of $6.13 and a 200-day moving average price of $5.85.

First Foundation (NYSE:FFWM) last released its earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). First Foundation had a negative net margin of 26.37% and a positive return on equity of 1.06%. The company had revenue of $48.36 million for the quarter.

First Foundation Company Profile

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.