First Foundation Inc. (NASDAQ:FFWM) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,660 shares of the bank’s stock after purchasing an additional 2,680 shares during the period. Empowered Funds LLC’s holdings in First Foundation were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of First Foundation by 48.7% during the 1st quarter. Russell Investments Group Ltd. now owns 114,849 shares of the bank’s stock valued at $867,000 after buying an additional 37,627 shares during the last quarter. Vanguard Group Inc. raised its position in First Foundation by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock valued at $21,592,000 after acquiring an additional 31,026 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in First Foundation by 77.3% in the first quarter. Quadrature Capital Ltd now owns 23,119 shares of the bank’s stock valued at $174,000 after acquiring an additional 10,076 shares during the period. Caxton Associates LP acquired a new position in First Foundation in the first quarter valued at approximately $123,000. Finally, Kennedy Capital Management LLC purchased a new stake in First Foundation in the 1st quarter worth approximately $1,731,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FFWM has been the subject of several recent research reports. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.80.

First Foundation Price Performance

First Foundation stock opened at $8.26 on Tuesday. The stock has a market capitalization of $680.21 million, a P/E ratio of -7.37 and a beta of 1.30. The company’s fifty day moving average price is $7.13 and its 200 day moving average price is $6.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. First Foundation Inc. has a 1 year low of $4.84 and a 1 year high of $11.47.

First Foundation Profile

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits.