First Foundation Inc. (NASDAQ:FFWM) Receives $6.75 Average Target Price from Brokerages

First Foundation Inc. (NASDAQ:FFWM) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Four 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 updated their coverage on the stock in the last year is $6.75.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of First Foundation during the 3rd quarter worth approximately $72,000. HighTower Advisors LLC purchased a new position in shares of First Foundation during the 3rd quarter worth approximately $87,000. Creative Planning increased its stake 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 purchasing an additional 4,336 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of First Foundation during the 3rd quarter worth approximately $104,000. Finally, Hollencrest Capital Management increased its stake in shares of First Foundation by 76.5% during the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after purchasing an additional 8,600 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

First Foundation Price Performance

Shares of NASDAQ:FFWM opened at $6.39 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The company has a market cap of $525.95 million, a P/E ratio of -5.70 and a beta of 1.37. First Foundation has a 52 week low of $4.84 and a 52 week high of $11.47. The company has a 50-day moving average price of $6.95 and a 200 day moving average price of $6.76.

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.