First Foundation Inc. (NASDAQ:FFWM) Receives $6.75 Consensus Price Target from Analysts

First Foundation Inc. (NASDAQ:FFWM) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.75.

Separately, Piper Sandler reduced their price target on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd.

Institutional Trading of First Foundation

Several large investors have recently modified their holdings of FFWM. North Reef Capital Management LP lifted its position in shares of First Foundation by 182.7% in the fourth quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank’s stock valued at $27,242,000 after acquiring an additional 2,835,000 shares in the last quarter. Strategic Value Bank Partners LLC grew its holdings in shares of First Foundation by 115.3% during the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock worth $18,086,000 after buying an additional 1,551,861 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of First Foundation in the third quarter valued at approximately $8,373,000. FMR LLC lifted its stake 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 buying an additional 1,019,484 shares during the period. Finally, Vanguard Group Inc. grew its stake in First Foundation by 25.4% in the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank’s stock worth $23,752,000 after acquiring an additional 774,844 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

First Foundation Trading Up 3.9 %

Shares of FFWM stock opened at $4.90 on Monday. The firm has a market capitalization of $403.18 million, a PE ratio of -3.65 and a beta of 1.35. First Foundation has a 1-year low of $4.52 and a 1-year high of $8.52. The business’s fifty day moving average price is $5.45 and its 200 day moving average price is $6.48. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

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.