First Foundation Inc. (NASDAQ:FFWM) Receives Consensus Rating of “Hold” from Analysts

First Foundation Inc. (NASDAQ:FFWM) has received a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $6.75.

A number of analysts have weighed in on FFWM shares. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Piper Sandler dropped their price objective on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Institutional Trading of First Foundation

A number of large investors have recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in First Foundation in the 4th quarter worth about $30,000. Farther Finance Advisors LLC boosted its position in shares of First Foundation by 665.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock worth $32,000 after buying an additional 4,424 shares during the period. Y Intercept Hong Kong Ltd bought a new position in First Foundation in the 3rd quarter worth approximately $72,000. HighTower Advisors LLC acquired a new stake in First Foundation in the 3rd quarter valued at approximately $87,000. Finally, Fox Run Management L.L.C. bought a new stake in First Foundation during the 4th quarter valued at $91,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Stock Performance

FFWM stock opened at $5.13 on Thursday. The stock’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $6.71. First Foundation has a 12-month low of $4.66 and a 12-month high of $8.52. The firm has a market cap of $422.10 million, a P/E ratio of -3.82 and a beta of 1.35. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

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.