Shares of First Foundation Inc (NASDAQ:FFWM) have been given an average recommendation of “Hold” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.17.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 price target on shares of First Foundation in a research report on Tuesday, January 9th. TheStreet raised First Foundation from a “c-” rating to a “b-” rating in a research report on Tuesday, October 31st. Finally, ValuEngine downgraded First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Shares of First Foundation (FFWM) traded up $0.44 during trading hours on Monday, reaching $19.42. The company had a trading volume of 135,082 shares, compared to its average volume of 98,661. The firm has a market capitalization of $725.18, a P/E ratio of 21.11, a P/E/G ratio of 2.00 and a beta of 0.66. First Foundation has a 1-year low of $13.73 and a 1-year high of $19.84. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.24.

First Foundation (NASDAQ:FFWM) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $38.30 million for the quarter, compared to the consensus estimate of $38.83 million. First Foundation had a return on equity of 10.32% and a net margin of 19.62%. sell-side analysts predict that First Foundation will post 0.99 EPS for the current fiscal year.

In related news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $18.40, for a total transaction of $184,000.00. Following the sale, the chairman now owns 20,000 shares of the company’s stock, valued at $368,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of First Foundation in the 3rd quarter valued at $117,000. Teton Advisors Inc. acquired a new stake in shares of First Foundation in the 3rd quarter valued at $182,000. Citadel Advisors LLC acquired a new stake in shares of First Foundation in the 3rd quarter valued at $221,000. OxFORD Asset Management LLP boosted its holdings in shares of First Foundation by 5.0% in the 2nd quarter. OxFORD Asset Management LLP now owns 16,145 shares of the bank’s stock valued at $265,000 after purchasing an additional 772 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of First Foundation in the 4th quarter valued at $283,000. 50.28% of the stock is currently owned by hedge funds and other institutional investors.

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First Foundation Company Profile

First Foundation Inc is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB.

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