First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Consensus PT from Brokerages

Shares of First Foundation Inc. (NASDAQ:FFWM - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.80.

FFWM has been the subject of several research reports. Stephens lowered First Foundation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 1st. StockNews.com upgraded First Foundation from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of First Foundation by 19.1% during the first quarter. BNP Paribas Financial Markets now owns 91,285 shares of the bank's stock valued at $689,000 after buying an additional 14,633 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of First Foundation in the 1st quarter worth about $478,000. Quantbot Technologies LP bought a new stake in shares of First Foundation during the 1st quarter valued at about $199,000. Empowered Funds LLC increased its position in shares of First Foundation by 8.2% during the first quarter. Empowered Funds LLC now owns 46,380 shares of the bank's stock valued at $350,000 after buying an additional 3,500 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in First Foundation by 48.7% in the first quarter. Russell Investments Group Ltd. now owns 114,849 shares of the bank's stock worth $867,000 after buying an additional 37,627 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company's stock.

First Foundation Stock Performance

Shares of NASDAQ:FFWM traded up $0.08 during midday trading on Tuesday, reaching $6.55. The company had a trading volume of 499,004 shares, compared to its average volume of 612,964. First Foundation has a 52-week low of $4.71 and a 52-week high of $11.47. The company's 50 day moving average price is $6.83 and its 200 day moving average price is $6.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.84. The stock has a market cap of $444.43 million, a P/E ratio of -5.78 and a beta of 1.30.

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.