First Foundation (NYSE:FFWM) Sees Strong Trading Volume – Should You Buy?

Shares of First Foundation Inc. (NYSE:FFWM) saw an uptick in trading volume on Thursday . 1,434,902 shares were traded during mid-day 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.

Analysts Set New Price Targets

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

First Foundation Stock Up 1.2%

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 firm has a market cap of $503.91 million, a price-to-earnings ratio of -3.10 and a beta of 0.92. The firm’s 50 day simple moving average is $5.98 and its two-hundred day simple moving average is $5.66.

First Foundation (NYSE:FFWM) last released its earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). First Foundation had a negative net margin of 26.09% and a negative return on equity of 0.07%. The company had revenue of $48.36 million for 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.