First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Consensus PT from Analysts

First Foundation Inc. (NASDAQ:FFWM) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year 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 recent research reports. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

First Foundation Stock Up 0.8 %

Shares of NASDAQ:FFWM opened at $8.01 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation has a 12-month low of $4.84 and a 12-month high of $11.47. The company has a fifty day simple moving average of $7.26 and a 200 day simple moving average of $6.59. The firm has a market cap of $659.62 million, a PE ratio of -7.15 and a beta of 1.30.

Hedge Funds Weigh In On First Foundation

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of First Foundation by 20.1% during the third quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after acquiring an additional 1,019,484 shares during the period. Azora Capital LP lifted its holdings in First Foundation by 8.8% in the third quarter. Azora Capital LP now owns 4,090,296 shares of the bank’s stock worth $25,523,000 after purchasing an additional 332,252 shares during the period. Strategic Value Bank Partners LLC lifted its holdings in First Foundation by 115.3% in the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock worth $18,086,000 after purchasing an additional 1,551,861 shares during the period. Vanguard Group Inc. lifted its holdings in First Foundation by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock worth $21,592,000 after purchasing an additional 31,026 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 worth $12,294,000 after purchasing an additional 24,440 shares during the period. Institutional investors and hedge funds 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.