First Foundation Inc. (NASDAQ:FFWM) Receives Consensus Recommendation of “Hold” from Analysts

First Foundation Inc. (NASDAQ:FFWM) has been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, 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 12 month price target among brokers that have covered the stock in the last year is $6.75.

Several equities analysts have commented on FFWM shares. Piper Sandler lowered 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 report on Monday, February 3rd. StockNews.com lowered First Foundation from a “hold” rating to a “sell” rating in a report on Tuesday.

Hedge Funds Weigh In On First Foundation

A number of institutional investors have recently made changes to their positions in FFWM. Assenagon Asset Management S.A. bought a new position in First Foundation in the 4th quarter worth approximately $775,000. Geode Capital Management LLC increased its position in First Foundation by 21.3% during the third quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank’s stock worth $8,844,000 after acquiring an additional 249,237 shares during the period. Barclays PLC raised its stake in First Foundation by 30.0% during the 3rd quarter. Barclays PLC now owns 145,932 shares of the bank’s stock valued at $911,000 after purchasing an additional 33,666 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in First Foundation by 21.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock valued at $3,814,000 after purchasing an additional 110,323 shares during the period. Finally, JPMorgan Chase & Co. grew its position in First Foundation by 234.5% in the 4th quarter. JPMorgan Chase & Co. now owns 167,940 shares of the bank’s stock worth $1,043,000 after purchasing an additional 117,730 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.

First Foundation Stock Performance

FFWM stock opened at $5.30 on Tuesday. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $6.00. First Foundation has a 12 month low of $4.42 and a 12 month high of $8.52. The company has a market capitalization of $436.65 million, a price-to-earnings ratio of -3.96 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80.

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.