First Foundation Inc. (NYSE:FFWM) Receives $6.58 Average Price Target from Analysts

First Foundation Inc. (NYSE:FFWM) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.5833.

FFWM has been the subject of a number of research reports. Zacks Research cut First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of First Foundation in a research note on Monday, December 29th. Finally, DA Davidson lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th.

First Foundation Stock Performance

NYSE:FFWM opened at $5.58 on Thursday. The company has a 50 day simple moving average of $6.14 and a two-hundred day simple moving average of $5.85. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market capitalization of $462.06 million, a PE ratio of -2.95 and a beta of 0.92. First Foundation has a fifty-two week low of $4.41 and a fifty-two week high of $6.72.

First Foundation (NYSE:FFWM) last announced its earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). First Foundation had a positive return on equity of 1.06% and a negative net margin of 26.37%.The company had revenue of $48.36 million during the quarter.

Institutional Trading of First Foundation

Several hedge funds have recently added to or reduced their stakes in FFWM. Cloud Capital Management LLC bought a new position in shares of First Foundation during the third quarter valued at about $27,000. nVerses Capital LLC bought a new stake in shares of First Foundation in the 4th quarter valued at about $63,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of First Foundation in the 4th quarter valued at about $66,000. DRW Securities LLC purchased a new stake in First Foundation during the 4th quarter valued at about $67,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in First Foundation during the 3rd quarter worth approximately $68,000. 73.10% of the stock is owned by institutional investors.

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.