After A Decline Of -71.19% From The High, Can First Foundation Inc (NYSE: FFWM) Recover Quickly?

First Foundation Inc (NYSE:FFWM)’s traded shares stood at 0.59 million during the last session, with the company’s beta value hitting 1.31. At the close of trading, the stock’s price was $6.70, to imply an increase of 1.98% or $0.13 in intraday trading. The FFWM share’s 52-week high remains $11.47, putting it -71.19% down since that peak but still an impressive 34.18% since price per share fell to its 52-week low of $4.41. The company has a valuation of $454.59M, with an average of 0.6 million shares in intraday trading volume over the past 10 days and average of 679.23K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for First Foundation Inc (FFWM), translating to a mean rating of 2.60. Of 3 analyst(s) looking at the stock, 0 analyst(s) give FFWM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 0 recommend it as a Buy.

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First Foundation Inc (NYSE:FFWM) trade information

After registering a 1.98% upside in the last session, First Foundation Inc (FFWM) has traded red over the past five days. The 5-day price performance for the stock is 10.20%, and -2.90% over 30 days. With these gigs, the year-to-date price performance is -30.79%. Short interest in First Foundation Inc (NYSE:FFWM) saw shorts transact 5.57 million shares and set a 11.23 days time to cover.

The extremes give us $5 and $12 for target low and target high price respectively. As such, FFWM has been trading -79.1% off suggested target high and 25.37% from its likely low.

First Foundation Inc (FFWM) estimates and forecasts

Looking at statistics comparing First Foundation Inc share performance against respective industry, we note that the company has underperformed competitors. First Foundation Inc (FFWM) shares are -7.33% down over the last 6 months, with its year-to-date growth rate lower than industry average at -119.35% against -8.10%.

FFWM Dividends

First Foundation Inc has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. First Foundation Inc has a forward dividend ratio of 0.03, with the share yield ticking at 0.45% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.18%.

First Foundation Inc (NYSE:FFWM)’s Major holders

First Foundation Inc insiders hold 7.94% of total outstanding shares, with institutional holders owning 64.90% of the shares at 70.50% float percentage. In total, 64.90% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 5.08 million shares (or 8.9944% of shares), all amounting to roughly $33.28 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 3.93 million shares, or about 6.962% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.76 million.