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

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

FFWM has been the subject of several analyst reports. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday.

First Foundation Trading Down 2.0 %

NASDAQ:FFWM opened at $7.51 on Tuesday. First Foundation has a 1 year low of $4.71 and a 1 year high of $11.47. The stock’s fifty day moving average price is $6.85 and its two-hundred day moving average price is $6.34. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $509.55 million, a P/E ratio of -6.71 and a beta of 1.30.

Institutional Investors Weigh In On First Foundation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of First Foundation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock worth $21,592,000 after buying an additional 31,026 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in First Foundation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock valued at $12,294,000 after acquiring an additional 24,440 shares during the last quarter. Royce & Associates LP raised its position in First Foundation by 143.7% during the third quarter. Royce & Associates LP now owns 859,770 shares of the bank’s stock valued at $5,365,000 after purchasing an additional 506,956 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in First Foundation by 144.3% during the second quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock worth $4,236,000 after purchasing an additional 381,946 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of First Foundation in the 1st quarter worth about $3,819,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.