First Foundation (NYSE:FFWM) Trading Up 0.2% – What’s Next?

First Foundation Inc. (NYSE:FFWM) shares were up 0.2% on Thursday . The stock traded as high as $6.27 and last traded at $6.25. Approximately 957,242 shares were traded during trading, a decline of 6% from the average daily volume of 1,020,410 shares. The stock had previously closed at $6.24.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of First Foundation in a report on Monday, December 29th. Zacks Research lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Stephens upgraded First Foundation from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

First Foundation Trading Up 0.2%

The business has a 50-day moving average of $6.23 and a 200-day moving average of $5.78. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $518 million, a price-to-earnings ratio of -3.31 and a beta of 0.93.

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

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.