First Foundation (NYSE:FFWM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Foundation Inc. (NYSE:FFWM) saw unusually-strong trading volume on Thursday . Approximately 1,434,902 shares traded hands during trading, an increase of 108% from the previous session’s volume of 690,234 shares.The stock last traded at $6.04 and had previously closed at $6.01.

Wall Street Analyst Weigh In

Several research firms have recently commented on FFWM. Zacks Research downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. DA Davidson cut First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Stephens raised First Foundation from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Foundation in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

First Foundation Stock Up 3.1%

The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The company’s fifty day simple moving average is $6.02 and its 200 day simple moving average is $5.67. The firm has a market capitalization of $522.97 million, a P/E ratio of -3.34 and a beta of 0.92.

First Foundation (NYSE:FFWM) last announced its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). First Foundation had a positive return on equity of 1.06% and a negative net margin of 26.37%.The business had revenue of $48.36 million during the quarter.

First Foundation Company Profile

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.