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

First Foundation Inc. (NASDAQ:FFWM) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.75.

A number of equities research analysts have weighed in on the company. Piper Sandler cut their target price on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company 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 Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of First Foundation by 20.1% during the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock worth $38,063,000 after acquiring an additional 1,019,484 shares in the last quarter. Azora Capital LP boosted its position in shares of First Foundation by 8.8% in the 3rd quarter. Azora Capital LP now owns 4,090,296 shares of the bank’s stock valued at $25,523,000 after purchasing an additional 332,252 shares during the period. Vanguard Group Inc. increased its stake in First Foundation by 25.4% in the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank’s stock worth $23,752,000 after purchasing an additional 774,844 shares in 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 buying an additional 1,551,861 shares during the period. Finally, State Street Corp lifted its stake in First Foundation by 2.0% during the third quarter. State Street Corp now owns 1,863,369 shares of the bank’s stock valued at $11,627,000 after buying an additional 36,338 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Trading Down 5.6 %

Shares of NASDAQ:FFWM opened at $5.13 on Thursday. The company has a 50 day moving average of $6.25 and a 200-day moving average of $6.71. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $422.10 million, a P/E ratio of -3.82 and a beta of 1.35. First Foundation has a twelve month low of $4.66 and a twelve month high of $8.52.

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.