First Foundation Inc. (NASDAQ:FFWM) Given Average Recommendation of “Hold” by Analysts

Shares of First Foundation Inc. (NASDAQ:FFWM) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month 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 a number of analyst reports. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st.

First Foundation Trading Down 1.5 %

NASDAQ:FFWM opened at $7.96 on Friday. First Foundation has a one year low of $4.84 and a one year high of $11.47. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $6.56. The firm has a market capitalization of $655.51 million, a price-to-earnings ratio of -7.11 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FFWM. Vanguard Group Inc. raised its position in shares of First Foundation by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock valued at $21,592,000 after buying an additional 31,026 shares during the last quarter. Quadrature Capital Ltd lifted its stake in First Foundation by 77.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,119 shares of the bank’s stock worth $174,000 after purchasing an additional 10,076 shares in the last quarter. Boston Partners bought a new position in shares of First Foundation during the 1st quarter valued at about $128,000. Simplicity Wealth LLC purchased a new position in shares of First Foundation during the second quarter valued at about $196,000. Finally, SG Americas Securities LLC bought a new stake in shares of First Foundation in the second quarter worth about $162,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.