First Foundation (NYSE:FFWM) Cut to “Hold” at DA Davidson

DA Davidson downgraded shares of First Foundation (NYSE:FFWM) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other research firms have also recently commented on FFWM. Stephens raised First Foundation from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Foundation in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

First Foundation Trading Up 1.8%

Shares of First Foundation stock opened at $6.16 on Monday. 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 fifty day moving average of $5.76 and a 200 day moving average of $5.61. The company has a market capitalization of $510.54 million, a P/E ratio of -3.14 and a beta of 0.92. First Foundation has a fifty-two week low of $4.41 and a fifty-two week high of $6.47.

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.