First Foundation (NASDAQ:FFWM) Share Price Passes Below 200 Day Moving Average – Here’s Why

First Foundation Inc. (NASDAQ:FFWM)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.63 and traded as low as $5.13. First Foundation shares last traded at $5.17, with a volume of 509,949 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler reduced their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.75.

First Foundation Stock Performance

The stock has a 50 day moving average price of $5.86 and a two-hundred day moving average price of $6.62. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company has a market cap of $412.21 million, a price-to-earnings ratio of -3.74 and a beta of 1.35.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FFWM. Millstone Evans Group LLC acquired a new position in shares of First Foundation in the 4th quarter valued at $30,000. Farther Finance Advisors LLC raised its stake in First Foundation by 665.3% during the 4th 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. State of Wyoming acquired a new stake in First Foundation during the 4th quarter worth $48,000. Y Intercept Hong Kong Ltd acquired a new stake in First Foundation during the 3rd quarter worth $72,000. Finally, HighTower Advisors LLC acquired a new stake in First Foundation during the 3rd quarter worth $87,000. Institutional investors and hedge funds 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.