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

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

A number of research analysts have recently weighed in on the company. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th.

First Foundation Stock Down 1.0 %

Shares of NASDAQ:FFWM opened at $5.98 on Wednesday. The firm has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $6.71. First Foundation has a 52 week low of $4.84 and a 52 week high of $11.47. 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 $492.54 million, a PE ratio of -5.34 and a beta of 1.34.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in First Foundation by 20.1% during the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock worth $38,063,000 after acquiring an additional 1,019,484 shares during the last quarter. Azora Capital LP grew its holdings in shares of First Foundation by 8.8% during 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 last quarter. Strategic Value Bank Partners LLC increased its stake in shares of 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 valued at $18,086,000 after buying an additional 1,551,861 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 24,440 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of First Foundation by 2.0% in the third quarter. State Street Corp now owns 1,863,369 shares of the bank’s stock valued at $11,627,000 after buying an additional 36,338 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.