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

First Foundation Inc. (NASDAQ:FFWM) has earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.80.

Several research firms recently weighed in on FFWM. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th.

First Foundation Price Performance

Shares of NASDAQ:FFWM opened at $5.98 on Wednesday. The stock has a market capitalization of $492.54 million, a P/E ratio of -5.34 and a beta of 1.34. The business has a 50-day moving average of $7.34 and a two-hundred day moving average of $6.72. First Foundation has a fifty-two week low of $4.84 and a fifty-two week high of $11.47. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of First Foundation in the third quarter worth $72,000. HighTower Advisors LLC bought a new stake in First Foundation in the 3rd quarter valued at $87,000. Creative Planning grew its position in First Foundation by 35.8% in the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares during the last quarter. Intech Investment Management LLC acquired a new stake in First Foundation in the 3rd quarter worth $104,000. Finally, Hollencrest Capital Management increased its holdings in shares of First Foundation by 76.5% during the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after purchasing an additional 8,600 shares during the period. 73.10% of the stock is owned by institutional investors.

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.