Analysts Set First Foundation Inc. (NASDAQ:FFWM) Target Price at $6.75

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

Separately, Piper Sandler cut their price target on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd.

Institutional Trading of First Foundation

A number of hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in shares of First Foundation during the third quarter worth approximately $104,000. Charles Schwab Investment Management Inc. grew its holdings in First Foundation by 21.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,824 shares of the bank’s stock valued at $3,144,000 after buying an additional 90,612 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in First Foundation by 12.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,338 shares of the bank’s stock worth $146,000 after buying an additional 2,579 shares during the period. FMR LLC lifted its holdings in shares of First Foundation by 20.1% during the third quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock worth $38,063,000 after buying an additional 1,019,484 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of First Foundation by 50.2% in the third quarter. Quantbot Technologies LP now owns 38,008 shares of the bank’s stock valued at $237,000 after acquiring an additional 12,703 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Trading Down 4.1 %

FFWM opened at $4.76 on Friday. First Foundation has a fifty-two week low of $4.52 and a fifty-two week high of $8.52. The company has a market cap of $391.65 million, a price-to-earnings ratio of -3.55 and a beta of 1.35. 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 firm has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $6.29.

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.