First Foundation Inc. (NASDAQ:FFWM) Receives Average Recommendation of “Hold” from Analysts

Shares of First Foundation Inc. (NASDAQ:FFWM) have earned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.75.

A number of equities analysts recently commented on the company. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th.

First Foundation Trading Up 3.2 %

Shares of First Foundation stock opened at $6.28 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $6.99 and its 200-day simple moving average is $6.73. The stock has a market cap of $516.81 million, a P/E ratio of 33.29 and a beta of 1.37. First Foundation has a 1-year low of $4.84 and a 1-year high of $11.47.

Hedge Funds Weigh In On First Foundation

A number of hedge funds have recently modified their holdings of FFWM. Y Intercept Hong Kong Ltd acquired a new position in shares of First Foundation in the 3rd quarter worth approximately $72,000. HighTower Advisors LLC purchased a new stake in First Foundation in the third quarter valued at approximately $87,000. Creative Planning lifted its stake in 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of First Foundation during the third quarter worth $104,000. Finally, Hollencrest Capital Management grew its stake in shares of First Foundation by 76.5% in the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock valued at $124,000 after buying an additional 8,600 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

About First Foundation

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.