Analysts Set First Foundation Inc. (NASDAQ:FFWM) PT at $6.75

First Foundation Inc. (NASDAQ:FFWM) has been given an average rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.75.

Separately, Piper Sandler lowered their target price on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.

Institutional Investors Weigh In On First Foundation

Several hedge funds and other institutional investors have recently modified their holdings of FFWM. The Manufacturers Life Insurance Company grew its stake in First Foundation by 12.4% in the third quarter. The Manufacturers Life Insurance Company now owns 23,338 shares of the bank’s stock worth $146,000 after purchasing an additional 2,579 shares in the last quarter. Empowered Funds LLC grew its position in shares of First Foundation by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 52,660 shares of the bank’s stock worth $329,000 after acquiring an additional 2,680 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of First Foundation by 5.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 55,382 shares of the bank’s stock valued at $344,000 after acquiring an additional 2,722 shares during the last quarter. SG Americas Securities LLC raised its position in shares of First Foundation by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 54,309 shares of the bank’s stock valued at $337,000 after acquiring an additional 2,926 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of First Foundation by 22.7% during the 4th quarter. Intech Investment Management LLC now owns 20,537 shares of the bank’s stock valued at $128,000 after acquiring an additional 3,794 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Trading Up 4.0 %

FFWM opened at $4.78 on Monday. The firm’s 50 day moving average is $5.51 and its 200-day moving average is $6.51. First Foundation has a 52-week low of $4.52 and a 52-week high of $8.52. 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 firm has a market capitalization of $393.29 million, a P/E ratio of -3.56 and a beta of 1.35.

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.