First Foundation (FFWM) PT Raised at FBR to $16

FBR analyst Bob Ramsey reiterates Market Perform rating, but increases price target on First Foundation (NASDAQ: FFWM) to $16.00 (from $15.50), noting strong 4Q results and continued robust growth from the company.

Ramsey comments, "FFWM continues to generate best-in-class loan growth as record originations helped EOP balances grow 10.7% QOQ and 44.8% YOY ($1B of net growth); the company guided for similar origination levels in 2017. Lower legal fees and a larger FHLB special dividend were also a tailwind for earnings. We like FFWM's robust loan growth and fee-rich revenue model, but remain on the sidelines given limited benefits from rising rates and the potential need to top up capital ratios to support growth."

For an analyst ratings summary and ratings history on First Foundation click here. For more ratings news on First Foundation click here.

Shares of First Foundation closed at $15.00 yesterday.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Berenberg Starts Natwest Group PLC (NWG:LN) (NWG) at Buy
• Axis Capital Limited Upgrades Coforge Ltd (COFORGE:IN) to Buy (1)