Stephens Upgrades First Foundation (NYSE:FFWM) to Strong-Buy

First Foundation (NYSE:FFWM) was upgraded by Stephens from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Several other equities analysts have also recently weighed in on FFWM. Weiss Ratings reaffirmed a “sell (d)” rating on shares of First Foundation in a research note on Wednesday, October 8th. DA Davidson cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

First Foundation Price Performance

NYSE:FFWM opened at $5.43 on Friday. The firm’s 50-day simple moving average is $5.74. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. The stock has a market cap of $447.38 million, a PE ratio of -2.77 and a beta of 0.99. First Foundation has a fifty-two week low of $4.41 and a fifty-two week high of $8.52.

First Foundation (NYSE:FFWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $63.60 million during the quarter, compared to the consensus estimate of $61.90 million. First Foundation had a negative return on equity of 0.07% and a negative net margin of 26.09%.

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.