First Foundation Inc. (NASDAQ:FFWM) Receives $7.80 Average PT from Brokerages

First Foundation Inc. (NASDAQ:FFWM) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.80.

A number of brokerages recently issued reports on FFWM. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st.

Institutional Investors Weigh In On First Foundation

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in shares of First Foundation by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock worth $136,000 after purchasing an additional 1,632 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of First Foundation by 12.4% during the third quarter. The Manufacturers Life Insurance Company now owns 23,338 shares of the bank’s stock worth $146,000 after purchasing an additional 2,579 shares during the last quarter. Empowered Funds LLC raised its stake in shares of First Foundation by 5.4% during the third quarter. Empowered Funds LLC now owns 52,660 shares of the bank’s stock worth $329,000 after purchasing an additional 2,680 shares during the last quarter. Creative Planning raised its stake in shares of First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of First Foundation by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 132,807 shares of the bank’s stock worth $829,000 after purchasing an additional 4,820 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

First Foundation Stock Performance

Shares of FFWM opened at $7.78 on Friday. The stock has a 50 day moving average price of $7.39 and a 200 day moving average price of $6.62. 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 capitalization of $640.68 million, a price-to-earnings ratio of -6.95 and a beta of 1.34. First Foundation has a 52-week low of $4.84 and a 52-week high of $11.47.

First Foundation Company Profile

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.