10 Oversold Bank Stocks To Buy Right Now

3. First Foundation Inc. (NYSE:FFWM

6-Month Performance: -20.52%

Analysts Upside Potential: 45.63%

First Foundation Inc. (NYSE:FFWM) is a financial services company that provides a range of services through its subsidiaries. It provides personal banking, business banking, wealth management, and Philanthropy Services. It has two main segments namely the Banking segment, which is managed by First Foundation Bank, and the Wealth Management segment which is managed by First Foundation Advisors.

On January 31, Gary Tenner, an analyst at D.A. Davidson maintained his Buy rating on the stock, while keeping his price target at $9. Management of First Foundation Inc. (NYSE:FFWM) has been focused on diversifying its loan portfolio and aims to reduce its reliance on commercial real estate due to its low yield. To achieve this the company sold $489 million in multifamily loans during the fiscal fourth quarter of 2024. The company still holds multifamily loans worth $1.4 billion, which it plans to sell in the near future. Moreover, First Foundation Inc. (NYSE:FFWM) improved its net interest margin from 1.50% in the previous quarter to 1.58%, the growth was aided by the Federal Reserve’s rate cuts. It is one of the oversold bank stocks to buy right now.