Raymond James Believes First Foundation (FFWM) Still Has Room to Grow
In a report released today, David Feaster from Raymond James assigned a Buy rating to First Foundation (FFWM), with a price target of $27.00. The company’s shares closed last Tuesday at $23.67, close to its 52-week high of $25.59.
According to TipRanks.com, Feaster is a 5-star analyst with an average return of 42.4% and a 93.6% success rate. Feaster covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Bank of NT Butterfield & Son, and Seacoast Banking Of Florida.
Currently, the analyst consensus on First Foundation is a Moderate Buy with an average price target of $28.50.
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First Foundation’s market cap is currently $1.07B and has a P/E ratio of 12.70. The company has a Price to Book ratio of 1.78.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.
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First Foundation, Inc. is a bank holding, which engages in the provision of comprehensive platform of financial services to individuals, businesses, and organizations. It operates through the following segments: Banking, Wealth Management, and Other. The company was founded by John Avak Hakopian and Ulrich Emanuel Keller, Jr. in 1990 and is headquartered in Irvine, CA.