First Foundation Inc (NASDAQ:FFWM) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.88.

A number of research firms recently issued reports on FFWM. BidaskClub lowered First Foundation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. TheStreet downgraded First Foundation from a “b” rating to a “c+” rating in a research note on Friday, August 10th. Zacks Investment Research raised First Foundation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Finally, DA Davidson lifted their target price on First Foundation from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 11th.

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of First Foundation stock in a transaction on Monday, June 4th. The stock was sold at an average price of $19.61, for a total transaction of $196,100.00. Following the sale, the chairman now owns 20,000 shares of the company’s stock, valued at approximately $392,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James G. Brakke bought 5,500 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were acquired at an average cost of $15.92 per share, for a total transaction of $87,560.00. The disclosure for this purchase can be found here. 14.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Stifel Financial Corp raised its stake in First Foundation by 44.4% during the 1st quarter. Stifel Financial Corp now owns 130,000 shares of the bank’s stock valued at $2,410,000 after acquiring an additional 40,000 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of First Foundation by 7.6% in the 1st quarter. Victory Capital Management Inc. now owns 79,650 shares of the bank’s stock worth $1,477,000 after buying an additional 5,628 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in shares of First Foundation by 1.8% in the 2nd quarter. Emerald Advisers Inc. PA now owns 670,035 shares of the bank’s stock worth $12,422,000 after buying an additional 12,080 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of First Foundation by 8.8% in the 1st quarter. RMB Capital Management LLC now owns 752,279 shares of the bank’s stock worth $13,947,000 after buying an additional 60,778 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of First Foundation in the 2nd quarter worth $358,000. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:FFWM opened at $16.08 on Tuesday. First Foundation has a 12-month low of $14.95 and a 12-month high of $20.43. The company has a market cap of $709.91 million, a P/E ratio of 15.52, a P/E/G ratio of 2.23 and a beta of 0.59. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 1.53.

First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Monday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). First Foundation had a net margin of 12.87% and a return on equity of 9.51%. The company had revenue of $43.24 million for the quarter, compared to analyst estimates of $45.38 million. equities analysts expect that First Foundation will post 1.03 EPS 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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