First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Consensus Target Price from Analysts

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $7.80.

Several brokerages recently issued reports on FFWM. StockNews.com cut First Foundation from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Stephens cut First Foundation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st.

First Foundation Stock Performance

Shares of FFWM traded down $0.13 during mid-day trading on Friday, reaching $7.95. 203,633 shares of the company's stock were exchanged, compared to its average volume of 607,835. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The stock has a market capitalization of $654.64 million, a PE ratio of -7.10 and a beta of 1.30. First Foundation has a 52-week low of $4.84 and a 52-week high of $11.47. The business's fifty day simple moving average is $7.23 and its 200-day simple moving average is $6.57.

Hedge Funds Weigh In On First Foundation

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of First Foundation by 20.1% during the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank's stock worth $38,063,000 after purchasing an additional 1,019,484 shares in the last quarter. Azora Capital LP grew its holdings in First Foundation by 8.8% during the 3rd quarter. Azora Capital LP now owns 4,090,296 shares of the bank's stock valued at $25,523,000 after buying an additional 332,252 shares during the last quarter. Strategic Value Bank Partners LLC increased its position in First Foundation by 115.3% during the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank's stock worth $18,086,000 after buying an additional 1,551,861 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of First Foundation by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank's stock worth $21,592,000 after acquiring an additional 31,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of First Foundation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank's stock valued at $12,294,000 after acquiring an additional 24,440 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other 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.