First Foundation Inc (FFWM) has disclosed a new risk, in the Accounting & Financial Operations category.
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First Foundation Inc faces a significant risk due to a material weakness identified in its internal control over financial reporting. This deficiency poses the threat of potential misstatements in financial statements, which could undermine the accuracy and timeliness of financial reporting. While efforts are underway to enhance control measures, there remains uncertainty about their effectiveness in fully remedying the weakness. The persistent risk could adversely affect investor confidence, access to capital markets, and even lead to regulatory sanctions and shareholder litigation.
The average FFWM stock price target is $7.50, implying 53.37% upside potential.
To learn more about First Foundation Inc’s risk factors, click here.