First Foundation (NASDAQ:FFWM) Share Price Passes Below 200 Day Moving Average – What’s Next?

First Foundation Inc. (NASDAQ:FFWM)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.63 and traded as low as $5.13. First Foundation shares last traded at $5.17, with a volume of 509,949 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented 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. Piper Sandler decreased their price target on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.75.

First Foundation Stock Performance

The business’s 50-day moving average price is $5.90 and its 200-day moving average price is $6.63. 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 stock has a market cap of $425.39 million, a P/E ratio of -3.85 and a beta of 1.35.

Institutional Investors Weigh In On First Foundation

A number of hedge funds have recently modified their holdings of the business. State of Wyoming bought a new position in First Foundation in the 4th quarter worth $48,000. ProShare Advisors LLC boosted its holdings in First Foundation by 50.9% in the 4th quarter. ProShare Advisors LLC now owns 17,915 shares of the bank’s stock worth $111,000 after buying an additional 6,043 shares during the period. Numerai GP LLC bought a new position in First Foundation in the 4th quarter worth $217,000. Graham Capital Management L.P. boosted its holdings in First Foundation by 80.8% in the 4th quarter. Graham Capital Management L.P. now owns 62,862 shares of the bank’s stock worth $390,000 after buying an additional 28,085 shares during the period. Finally, Fortress Investment Group LLC boosted its holdings in First Foundation by 21.5% in the 4th quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank’s stock worth $25,081,000 after buying an additional 714,000 shares during the period. Institutional investors own 73.10% of the company’s stock.

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.