First Foundation (NYSE:FFWM) Raised to Strong-Buy at DA Davidson

First Foundation (NYSE:FFWM) was upgraded by equities researchers at DA Davidson from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

FFWM has been the subject of a number of other reports. Zacks Research lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Foundation in a research note on Monday, December 15th. Finally, Stephens raised shares of First Foundation from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Two equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

First Foundation Stock Performance

Shares of First Foundation stock opened at $6.25 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.94. First Foundation has a fifty-two week low of $4.41 and a fifty-two week high of $6.47. The firm has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $5.49. The firm has a market cap of $518 million, a P/E ratio of -3.19 and a beta of 0.96.

First Foundation (NYSE:FFWM) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $74.72 million for the quarter. First Foundation had a negative return on equity of 0.07% and a negative net margin of 26.09%.

About First Foundation

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.