First Foundation Inc. (NASDAQ:FFWM) Given Consensus Rating of “Hold” by Brokerages

Shares of First Foundation Inc. (NASDAQ:FFWM) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.80.

FFWM has been the subject of a number of recent research reports. Wall Street Zen cut shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $7.00 target price on shares of First Foundation and gave the company a “buy” rating in a research note on Wednesday, May 21st.

Institutional Trading of First Foundation

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of First Foundation by 5.2% in the 4th quarter. Empowered Funds LLC now owns 55,382 shares of the bank’s stock worth $344,000 after acquiring an additional 2,722 shares in the last quarter. Rhumbline Advisers raised its position in First Foundation by 13.6% in the 4th quarter. Rhumbline Advisers now owns 94,308 shares of the bank’s stock valued at $586,000 after purchasing an additional 11,262 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in First Foundation by 23.4% in the fourth quarter. Bank of New York Mellon Corp now owns 190,603 shares of the bank’s stock worth $1,184,000 after purchasing an additional 36,109 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in First Foundation in the fourth quarter worth $123,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of First Foundation by 21.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock worth $3,814,000 after purchasing an additional 110,323 shares during the last quarter. 73.10% of the stock is owned by institutional investors.

First Foundation Stock Down 0.9%

FFWM stock opened at $5.05 on Wednesday. First Foundation has a twelve month low of $4.42 and a twelve month high of $8.52. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The company has a market cap of $415.64 million, a PE ratio of -3.76 and a beta of 0.99. The business’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $5.51.

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.