First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Average PT from Analysts

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.80.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FFWM. FMR LLC grew its holdings in shares of First Foundation by 20.1% in 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 during the last quarter. Azora Capital LP boosted its position in First Foundation by 8.8% in the third 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 in the last quarter. Strategic Value Bank Partners LLC grew its stake 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 during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Foundation by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank's stock worth $12,294,000 after buying an additional 24,440 shares in the last quarter. Finally, State Street Corp raised its stake in shares of First Foundation by 2.0% in the third quarter. State Street Corp now owns 1,863,369 shares of the bank's stock valued at $11,627,000 after acquiring an additional 36,338 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

First Foundation Stock Performance

FFWM stock traded up $0.01 on Wednesday, reaching $5.96. 391,221 shares of the company were exchanged, compared to its average volume of 599,063. The firm has a market capitalization of $490.90 million, a PE ratio of -5.32 and a beta of 1.34. First Foundation has a 12 month low of $4.84 and a 12 month high of $11.47. The stock's fifty day moving average price is $7.44 and its 200 day moving average price is $6.72. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

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.