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

Shares of First Foundation Inc. (NASDAQ:FFWM - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.75.

A number of brokerages recently weighed in on FFWM. StockNews.com lowered shares of First Foundation from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Piper Sandler cut their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd.

First Foundation Price Performance

FFWM stock traded up $0.02 during midday trading on Thursday, hitting $5.25. The company's stock had a trading volume of 394,362 shares, compared to its average volume of 531,588. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation has a 12 month low of $4.66 and a 12 month high of $8.52. The company has a 50 day moving average of $6.09 and a two-hundred day moving average of $6.67. The firm has a market capitalization of $432.64 million, a price-to-earnings ratio of -3.92 and a beta of 1.35.

Institutional Investors Weigh In On First Foundation

Several hedge funds and other institutional investors have recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in First Foundation in the fourth quarter worth about $30,000. Farther Finance Advisors LLC boosted its stake 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 valued at $32,000 after purchasing an additional 4,424 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in First Foundation during the third quarter valued at approximately $72,000. HighTower Advisors LLC purchased a new stake in First Foundation during the third quarter worth $87,000. Finally, Fox Run Management L.L.C. bought a new stake in First Foundation during the 4th quarter valued at $91,000. 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.