First Foundation Inc. (NASDAQ:FFWM) Given Average Recommendation of “Hold” by Brokerages

First Foundation Inc. (NASDAQ:FFWM) has earned an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings 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 on the stock in a report on Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FFWM. Creative Planning raised its stake in shares of First Foundation by 35.8% in the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after buying an additional 4,336 shares during the period. GSA Capital Partners LLP raised its stake in shares of First Foundation by 93.8% in the third quarter. GSA Capital Partners LLP now owns 127,966 shares of the bank’s stock worth $799,000 after buying an additional 61,946 shares during the period. Royce & Associates LP raised its stake in shares of First Foundation by 143.7% in the third quarter. Royce & Associates LP now owns 859,770 shares of the bank’s stock worth $5,365,000 after buying an additional 506,956 shares during the period. Empowered Funds LLC raised its stake in shares of First Foundation by 5.4% in the third quarter. Empowered Funds LLC now owns 52,660 shares of the bank’s stock worth $329,000 after buying an additional 2,680 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of First Foundation by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 132,807 shares of the bank’s stock worth $829,000 after buying an additional 4,820 shares during the period. Institutional investors own 73.10% of the company’s stock.

First Foundation Stock Down 0.1 %

FFWM stock opened at $4.79 on Monday. First Foundation has a fifty-two week low of $4.66 and a fifty-two week high of $8.52. The business’s 50-day moving average is $5.60 and its two-hundred day moving average is $6.55. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market cap of $394.28 million, a price-to-earnings ratio of -3.57 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.