First Foundation (NASDAQ:FFWM) Stock Rating Lowered by StockNews.com

First Foundation (NASDAQ:FFWM - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.

Separately, Piper Sandler decreased their price target on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.75.

First Foundation Trading Up 3.2 %

Shares of First Foundation stock traded up $0.16 during mid-day trading on Friday, hitting $5.09. 108,309 shares of the stock were exchanged, compared to its average volume of 663,724. First Foundation has a twelve month low of $4.41 and a twelve month high of $8.52. The stock has a market capitalization of $419.24 million, a price-to-earnings ratio of -3.80 and a beta of 1.19. The company has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $6.14. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On First Foundation

Several hedge funds have recently modified their holdings of FFWM. GAMMA Investing LLC boosted its position in shares of First Foundation by 90.0% in the first quarter. GAMMA Investing LLC now owns 5,039 shares of the bank's stock worth $26,000 after acquiring an additional 2,387 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of First Foundation in the fourth quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of First Foundation by 665.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after acquiring an additional 4,424 shares during the last quarter. State of Wyoming purchased a new position in First Foundation in the fourth quarter valued at approximately $48,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in First Foundation in the third quarter valued at approximately $72,000. 73.10% of the stock is owned by institutional investors and hedge funds.

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.