StockNews.com Downgrades First Foundation (NASDAQ:FFWM) to Sell

StockNews.com cut shares of First Foundation (NASDAQ:FFWM) from a hold rating to a sell rating in a research report released on Friday.

Separately, Piper Sandler reduced their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.75.

First Foundation Stock Up 2.4 %

First Foundation stock opened at $4.97 on Friday. First Foundation has a twelve month low of $4.42 and a twelve month high of $8.52. 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 50 day moving average of $4.94 and a 200-day moving average of $6.16. The stock has a market capitalization of $408.94 million, a PE ratio of -3.71 and a beta of 1.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in First Foundation in the 4th quarter valued at $775,000. Geode Capital Management LLC grew its stake in shares of First Foundation by 21.3% in the third quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank’s stock valued at $8,844,000 after acquiring an additional 249,237 shares in the last quarter. Barclays PLC raised its stake in First Foundation by 30.0% in the 3rd quarter. Barclays PLC now owns 145,932 shares of the bank’s stock worth $911,000 after purchasing an additional 33,666 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in First Foundation by 21.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock valued at $3,814,000 after purchasing an additional 110,323 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock worth $32,000 after purchasing an additional 4,424 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

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.