Piper Sandler Maintains Neutral on First Foundation, Maintains $6 Price Target
$FFWM
Major Banks
Finance
Piper Sandler analyst Matthew Clark maintains First Foundation (NYSE:FFWM) with a Neutral and maintains $6 price target.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/3/2024 | Overweight → Equal-Weight | Stephens | |
| 7/3/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 7/3/2024 | $8.00 → $9.00 | Neutral → Buy | DA Davidson |
| 1/5/2024 | $9.50 → $12.00 | Outperform → Strong Buy | Raymond James |
| 11/3/2023 | $7.00 → $6.00 | Outperform → Neutral | Wedbush |
| 2/3/2023 | $17.50 → $16.00 | Overweight → Neutral | Piper Sandler |
| 10/26/2022 | $18.00 | Buy → Neutral | DA Davidson |
| 7/11/2022 | $21.00 | Buy → Neutral | B. Riley Securities |
8-K - First Foundation Inc. (0001413837) (Filer)
8-K - First Foundation Inc. (0001413837) (Filer)
8-K - First Foundation Inc. (0001413837) (Filer)
U.S. regional banks are experiencing sessions of significant gains, as growing expectations for interest rate cuts fueled an investor rotation from large-cap to small-cap stocks. The SPDR S&P Regional Banking ETF (NYSE:KRE) — a widely followed gauge for the industry — rallied as much as 4.5% on Tuesday, marking the strongest session since December 2023. Notably, the recent five-day rally of nearly 15% was the strongest for regional banks since November 2020. With Tuesday’s move, regional banks have effectively recouped all losses suffered after March 9, 2023, characterized by the failure of Silicon Valley Bank and Signature Bank. “Lending conditions for commercial and industrial
SC 13G/A - First Foundation Inc. (0001413837) (Subject)
SC 13G/A - First Foundation Inc. (0001413837) (Subject)
SC 13D/A - First Foundation Inc. (0001413837) (Subject)
First Foundation Inc. (NYSE:FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors ("FFA") and First Foundation Bank ("FFB"), today reported its financial results for the quarter ended September 30, 2024. The detailed earnings report and investor presentation can be accessed online at https://investor.ff-inc.com/financials/quarterly-results/default.aspx. At 8 a.m. PT / 11 a.m. ET, President and Chief Executive Officer, Scott F. Kavanaugh, Chief Financial Officer, Jamie Britton, and Chief Operating Officer, Chris Naghibi, of First Foundation will host a discussion of the Company's financial results and performance and provide an update o
First Foundation Inc. ("we," "our," "us," "First Foundation" or the "Company") (NYSE:FFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the "Loan Reclassification"). "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott F. Kavanaugh, CEO of First Foundation Inc. "We believe this
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2024 earnings results before the market opens on Tuesday, October 29. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's investor
First Foundation Inc. ("we," "our," "us," "First Foundation" or the "Company") (NYSE:FFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the "Loan Reclassification"). "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott F. Kavanaugh, CEO of First Foundation Inc. "We believe this
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2024 earnings results before the market opens on Tuesday, October 29. At 11:00AM ET / 8:00AM PT on that same day, Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation's investor
First Foundation Inc. (NYSE:FFWM) ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2024 earnings results before the market opens on Thursday, July 25. At 11:00AM ET / 8:00AM PT on that same day, President and Chief Executive Officer Scott F. Kavanaugh of First Foundation will host a discussion of the Company's financial results and performance and provide an update on recent activities. First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Fo
4 - First Foundation Inc. (0001413837) (Issuer)
4 - First Foundation Inc. (0001413837) (Issuer)
4 - First Foundation Inc. (0001413837) (Issuer)
Stephens downgraded First Foundation from Overweight to Equal-Weight
Raymond James downgraded First Foundation from Strong Buy to Mkt Perform
DA Davidson upgraded First Foundation from Neutral to Buy and set a new price target of $9.00 from $8.00 previously
First Foundation Inc. (NYSE:FFWM) ("First Foundation" or the "Company'') today announced the closing of its individual investments aggregating to $228 million in the Company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. Scott F. Kavanaugh, President and CEO of the Company, stated, "We want to thank all of our new investor partners for their effort and significant confidence in First Foundation and our talented employees. We very much look forward to building a top tier regional bank and creating long term shareholder value." Transaction Details First Foundation sold and issued (i) 11,308,676 shares
First Foundation Inc. (NASDAQ:FFWM) ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, is pleased to announce the appointment of James ("Jamie") Britton as Executive Vice President, Chief Financial Officer, effective August 14, 2023. Reporting to Scott F. Kavanaugh, President and Chief Executive Officer, Mr. Britton will lead the financial operations teams for First Foundation and its subsidiaries. "We are excited to have Jamie join the executive leadership team of First Foundation," said Mr. Kavanaugh. "With his deep experience in corporate finance, operations, and investor relations, I am
Urges stockholders to vote FOR the First Foundation current Board of Directors on the BLUE proxy card First Foundation Inc. (NASDAQ:FFWM) ("First Foundation" or the "Company"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission ("SEC") in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023. The full presentation can be found here. Key Highlights of the Presentation From First Foundation's Nasdaq listing in November 2014 through March 2022, be