First Foundation Inc. (NASDAQ:FFWM) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in First Foundation Inc. (NASDAQ:FFWM) by 665.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,089 shares of the bank’s stock after buying an additional 4,424 shares during the period. Farther Finance Advisors LLC’s holdings in First Foundation were worth $32,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FFWM. Raymond James Financial Inc. purchased a new position in shares of First Foundation in the fourth quarter valued at approximately $489,000. Proficio Capital Partners LLC acquired a new position in First Foundation in the 4th quarter valued at $123,000. Cornerstone Investment Partners LLC purchased a new position in First Foundation in the 4th quarter valued at $162,000. Charles Schwab Investment Management Inc. boosted its stake in First Foundation by 21.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock worth $3,814,000 after purchasing an additional 110,323 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of First Foundation by 23.4% during the fourth quarter. Bank of New York Mellon Corp now owns 190,603 shares of the bank’s stock worth $1,184,000 after buying an additional 36,109 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

First Foundation Stock Up 1.8 %

Shares of NASDAQ:FFWM opened at $4.92 on Tuesday. First Foundation Inc. has a 52-week low of $4.52 and a 52-week high of $8.52. The stock has a market cap of $404.82 million, a P/E ratio of -3.67 and a beta of 1.35. The business has a fifty day moving average of $5.33 and a two-hundred day moving average of $6.39. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80.

Analyst Ratings Changes

Separately, Piper Sandler lowered their price target on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.75.

About First Foundation

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.