Analysts Set First Foundation Inc. (NASDAQ:FFWM) PT at $7.80

Shares of First Foundation Inc. (NASDAQ:FFWM) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $7.80.

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

Hedge Funds Weigh In On First Foundation

A number of hedge funds have recently added to or reduced their stakes in FFWM. Y Intercept Hong Kong Ltd bought a new position in First Foundation in the third quarter worth approximately $72,000. HighTower Advisors LLC bought a new position in shares of First Foundation during the 3rd quarter worth $87,000. Creative Planning grew its position in shares of First Foundation by 35.8% during the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after buying an additional 4,336 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of First Foundation during the third quarter valued at $104,000. Finally, Boston Partners bought a new stake in shares of First Foundation in the first quarter valued at about $128,000. 73.10% of the stock is currently owned by institutional investors.

First Foundation Price Performance

Shares of First Foundation stock opened at $7.94 on Friday. The stock has a 50 day moving average price of $7.33 and a 200-day moving average price of $6.61. First Foundation has a one year low of $4.84 and a one year high of $11.47. The stock has a market cap of $653.82 million, a price-to-earnings ratio of -7.09 and a beta of 1.34. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04.

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.