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

Shares of First Foundation Inc. (NASDAQ:FFWM) have been assigned an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings 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 target among brokerages that have covered the stock in the last year is $6.75.

Several research firms have commented on FFWM. Stephens cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th.

First Foundation Stock Up 1.5 %

FFWM stock opened at $6.39 on Friday. The stock has a market capitalization of $525.95 million, a P/E ratio of -5.70 and a beta of 1.37. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. First Foundation has a one year low of $4.84 and a one year high of $11.47. The company has a 50 day moving average price of $6.95 and a two-hundred day moving average price of $6.76.

Hedge Funds Weigh In On First Foundation

Hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of First Foundation in the 3rd quarter valued at $72,000. HighTower Advisors LLC acquired a new position in shares of First Foundation during the 3rd quarter valued at $87,000. Creative Planning lifted its holdings in shares of First Foundation by 35.8% during the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock valued at $103,000 after acquiring an additional 4,336 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of First Foundation during the 3rd quarter valued at $104,000. Finally, Hollencrest Capital Management lifted its holdings in shares of First Foundation by 76.5% during the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock valued at $124,000 after acquiring an additional 8,600 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Company Profile

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.