First Foundation (NYSE:FFWM) Upgraded to “Strong-Buy” at DA Davidson

DA Davidson upgraded shares of First Foundation (NYSE:FFWM) from a hold rating to a strong-buy rating in a report published on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Foundation in a research note on Monday. Zacks Research cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Stephens raised First Foundation from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

First Foundation Stock Down 1.7%

Shares of FFWM stock opened at $6.25 on Friday. The stock’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $5.48. First Foundation has a twelve month low of $4.41 and a twelve month high of $6.47. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market capitalization of $518 million, a price-to-earnings ratio of -3.19 and a beta of 0.96.

First Foundation (NYSE:FFWM) last announced its earnings results on Thursday, January 26th. The company reported $0.51 earnings per share (EPS) for the quarter. First Foundation had a negative return on equity of 0.07% and a negative net margin of 26.09%.The firm had revenue of $74.72 million during the quarter.

About First Foundation

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.