Weiss Ratings Reiterates “Sell (D)” Rating for First Foundation (NYSE:FFWM)

First Foundation (NYSE:FFWM)‘s stock had its “sell (d)” rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded First Foundation from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

First Foundation Price Performance

Shares of FFWM stock opened at $5.95 on Wednesday. First Foundation has a 1-year low of $4.41 and a 1-year high of $8.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.03 and a quick ratio of 0.97. The firm’s 50-day moving average is $5.65. The stock has a market cap of $490.22 million, a PE ratio of -4.22 and a beta of 0.99.

First Foundation (NYSE:FFWM) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). The business had revenue of $51.42 million during the quarter, compared to the consensus estimate of $64.50 million. First Foundation had a negative return on equity of 1.20% and a negative net margin of 15.29%.

First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal 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, and 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.