First Foundation Inc. (NASDAQ:FFWM - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.71 and traded as low as $5.11. First Foundation shares last traded at $5.13, with a volume of 449,416 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Piper Sandler lowered their target price on First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.75.
Read Our Latest Analysis on FFWM
First Foundation Stock Performance
The company has a market cap of $432.64 million, a P/E ratio of -3.92 and a beta of 1.35. The firm has a 50 day moving average price of $6.09 and a 200-day moving average price of $6.67. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04.
Institutional Trading of First Foundation
Hedge funds have recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new stake in First Foundation during the 4th quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted 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 valued at $32,000 after purchasing an additional 4,424 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in First Foundation during the 3rd quarter valued at approximately $72,000. HighTower Advisors LLC bought a new stake in First Foundation during the 3rd quarter valued at approximately $87,000. Finally, Fox Run Management L.L.C. bought a new stake in First Foundation during the 4th quarter valued at approximately $91,000. Institutional investors own 73.10% of the company's stock.
About First Foundation
(
Get Free Report)
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.
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