First Foundation Inc. (NASDAQ:FFWM) Receives $6.75 Average Price Target from Analysts

Shares of First Foundation Inc. (NASDAQ:FFWM) have received a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.75.

FFWM has been the topic of a number of recent analyst reports. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Piper Sandler cut their price target on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd.

First Foundation Stock Performance

FFWM opened at $5.26 on Thursday. The business’s 50 day moving average is $5.94 and its 200-day moving average is $6.64. The stock has a market cap of $432.83 million, a PE ratio of -3.92 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. First Foundation has a twelve month low of $4.66 and a twelve month high of $8.52.

Institutional Investors Weigh In On First Foundation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFWM. The Manufacturers Life Insurance Company raised its holdings in First Foundation by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock worth $136,000 after purchasing an additional 1,632 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of First Foundation by 108.1% in the third quarter. SG Americas Securities LLC now owns 51,383 shares of the bank’s stock valued at $321,000 after buying an additional 26,697 shares in the last quarter. Creative Planning increased its holdings in shares of First Foundation by 35.8% in the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock valued at $103,000 after buying an additional 4,336 shares in the last quarter. FLC Capital Advisors increased its holdings in shares of First Foundation by 7.0% in the third quarter. FLC Capital Advisors now owns 135,861 shares of the bank’s stock valued at $848,000 after buying an additional 8,864 shares in the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of First Foundation by 76.5% in the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock valued at $124,000 after buying an additional 8,600 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Company Profile

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.