Shares of First Foundation Inc (NASDAQ:FFWM) have received an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.08.

FFWM has been the subject of several analyst reports. Zacks Investment Research raised shares of First Foundation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, January 10th. BidaskClub raised shares of First Foundation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, ValuEngine cut shares of First Foundation from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th.

Hedge funds have recently added to or reduced their stakes in the business. Boston Partners raised its stake in First Foundation by 144.9% in the fourth quarter. Boston Partners now owns 1,121,225 shares of the bank’s stock valued at $14,419,000 after purchasing an additional 663,375 shares in the last quarter. BlackRock Inc. grew its position in First Foundation by 24.9% in the third quarter. BlackRock Inc. now owns 2,466,189 shares of the bank’s stock valued at $38,523,000 after acquiring an additional 491,421 shares during the last quarter. Dimensional Fund Advisors LP grew its position in First Foundation by 25.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,366 shares of the bank’s stock valued at $20,606,000 after acquiring an additional 321,622 shares during the last quarter. Morgan Stanley grew its position in First Foundation by 253.2% in the third quarter. Morgan Stanley now owns 275,038 shares of the bank’s stock valued at $4,296,000 after acquiring an additional 197,178 shares during the last quarter. Finally, FLC Capital Advisors bought a new position in First Foundation in the fourth quarter valued at about $1,740,000. 60.92% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:FFWM traded down $0.22 during midday trading on Wednesday, hitting $13.87. The stock had a trading volume of 1,843 shares, compared to its average volume of 233,010. First Foundation has a 12 month low of $11.79 and a 12 month high of $20.43. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $624.80 million, a PE ratio of 11.91, a P/E/G ratio of 1.60 and a beta of 0.83.

First Foundation (NASDAQ:FFWM) last released its earnings results on Wednesday, January 30th. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. First Foundation had a net margin of 17.67% and a return on equity of 9.82%. The business had revenue of $50.07 million during the quarter, compared to analysts’ expectations of $51.61 million. On average, equities analysts predict that First Foundation will post 1.25 earnings per share for the current fiscal year.

About First Foundation

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

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Analyst Recommendations for First Foundation (NASDAQ:FFWM)

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