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

Shares of First Foundation Inc. (NASDAQ:FFWM) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.75.

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

Institutional Trading of First Foundation

A number of institutional investors have recently added to or reduced their stakes in FFWM. GAMMA Investing LLC increased its position in shares of First Foundation by 90.0% during the first quarter. GAMMA Investing LLC now owns 5,039 shares of the bank’s stock valued at $26,000 after buying an additional 2,387 shares during the period. Millstone Evans Group LLC purchased a new position in First Foundation during the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock worth $32,000 after acquiring an additional 4,424 shares during the period. State of Wyoming purchased a new stake in First Foundation in the 4th quarter worth approximately $48,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in First Foundation in the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

First Foundation Stock Up 1.8 %

FFWM stock opened at $4.74 on Friday. First Foundation has a fifty-two week low of $4.50 and a fifty-two week high of $8.52. The stock has a fifty day moving average of $5.02 and a 200-day moving average of $6.25. The company has a market capitalization of $390.00 million, a price-to-earnings ratio of -3.53 and a beta of 1.19. 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 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.