First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Average Target Price from Brokerages

Shares of First Foundation Inc. (NASDAQ:FFWM) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.80.

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Stephens cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st.

Institutional Trading of First Foundation

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in First Foundation by 8.8% in the second quarter. Bank of New York Mellon Corp now owns 188,112 shares of the bank’s stock worth $1,232,000 after buying an additional 15,190 shares during the last quarter. Modera Wealth Management LLC bought a new stake in shares of First Foundation during the 2nd quarter worth $1,870,000. American Century Companies Inc. grew its holdings in shares of First Foundation by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 500,490 shares of the bank’s stock worth $3,278,000 after acquiring an additional 7,302 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of First Foundation by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock worth $12,294,000 after purchasing an additional 24,440 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of First Foundation by 28.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,425 shares of the bank’s stock worth $173,000 after purchasing an additional 5,790 shares during the period. 73.10% of the stock is currently owned by institutional investors.

First Foundation Stock Down 1.0 %

Shares of First Foundation stock opened at $5.98 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. First Foundation has a 1-year low of $4.84 and a 1-year high of $11.47. The business’s fifty day moving average price is $7.34 and its two-hundred day moving average price is $6.71. The company has a market capitalization of $492.54 million, a P/E ratio of -5.34 and a beta of 1.34.

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.