Brokerages Set First Foundation Inc. (NASDAQ:FFWM) Target Price at $6.80

First Foundation Inc. (NASDAQ:FFWM) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.80.

FFWM has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Piper Sandler lowered their price target on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Jefferies Financial Group set a $7.00 price target on shares of First Foundation and gave the company a “buy” rating in a report on Wednesday, May 21st.

Institutional Investors Weigh In On First Foundation

Hedge funds have recently added to or reduced their stakes in the business. North Reef Capital Management LP boosted its stake in shares of First Foundation by 182.7% during the 4th quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank’s stock worth $27,242,000 after acquiring an additional 2,835,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of First Foundation by 25.4% during the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank’s stock worth $23,752,000 after acquiring an additional 774,844 shares in the last quarter. Fortress Investment Group LLC boosted its stake in shares of First Foundation by 21.5% during the 4th quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank’s stock worth $25,081,000 after acquiring an additional 714,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of First Foundation by 48.6% during the 4th quarter. Royce & Associates LP now owns 1,277,619 shares of the bank’s stock worth $7,934,000 after acquiring an additional 417,849 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of First Foundation by 283.5% during the 4th quarter. Federated Hermes Inc. now owns 564,167 shares of the bank’s stock worth $3,503,000 after acquiring an additional 417,044 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

First Foundation Price Performance

Shares of FFWM opened at $5.24 on Friday. The firm has a market capitalization of $431.46 million, a PE ratio of -3.91 and a beta of 1.01. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. First Foundation has a 1-year low of $4.42 and a 1-year high of $8.52. The company’s fifty day moving average price is $5.06 and its 200-day moving average price is $5.79.

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.