First Foundation (NASDAQ:FFWM) Share Price Passes Below 200-Day Moving Average - Should You Sell?

First Foundation Inc. (NASDAQ:FFWM - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.59 and traded as low as $4.96. First Foundation shares last traded at $5.07, with a volume of 530,393 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler decreased their target price 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. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.75.

First Foundation Trading Down 0.7 %

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 company has a market cap of $405.65 million, a price-to-earnings ratio of -3.68 and a beta of 1.35. The business's fifty day moving average price is $5.67 and its 200 day moving average price is $6.58.

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Institutional Investors Weigh In On First Foundation

Institutional investors have recently made changes to their positions in the stock. North Reef Capital Management LP raised its position in shares of First Foundation by 182.7% during the fourth quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank's stock worth $27,242,000 after acquiring an additional 2,835,000 shares during the last quarter. Strategic Value Bank Partners LLC raised its holdings in First Foundation by 115.3% during the 3rd quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank's stock worth $18,086,000 after purchasing an additional 1,551,861 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of First Foundation in the 3rd quarter worth approximately $8,373,000. FMR LLC boosted its stake 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 valued at $38,063,000 after purchasing an additional 1,019,484 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in First Foundation by 25.4% during the fourth quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank's stock worth $23,752,000 after buying an additional 774,844 shares during the last quarter. Institutional investors own 73.10% of the company's stock.

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.