First Foundation Inc. (NASDAQ:FFWM) Receives $6.80 Average PT from Brokerages

First Foundation Inc. (NASDAQ:FFWM) has earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.80.

FFWM has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price objective on shares of First Foundation and gave the company a “buy” rating in a research report on Wednesday, May 21st.

First Foundation Stock Down 0.5%

Shares of FFWM stock opened at $5.10 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation has a 1 year low of $4.42 and a 1 year high of $8.52. The firm’s fifty day moving average price is $5.16 and its two-hundred day moving average price is $5.47. The firm has a market capitalization of $419.76 million, a P/E ratio of -3.80 and a beta of 0.99.

Institutional Trading of First Foundation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. North Reef Capital Management LP boosted its holdings in shares of First Foundation by 182.7% during the 4th quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank’s stock worth $27,242,000 after buying an additional 2,835,000 shares during the period. Azora Capital LP boosted its holdings in shares of First Foundation by 1.6% during the 4th quarter. Azora Capital LP now owns 4,153,917 shares of the bank’s stock worth $25,796,000 after buying an additional 63,621 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Foundation by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 4,141,752 shares of the bank’s stock worth $21,496,000 after buying an additional 316,949 shares during the period. Fortress Investment Group LLC boosted its holdings in shares of First Foundation by 21.5% during the 4th quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank’s stock worth $25,081,000 after buying an additional 714,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of First Foundation by 19.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank’s stock worth $14,711,000 after buying an additional 379,288 shares during the period. 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.