Cwm LLC Raises Stock Position in First Foundation Inc. (NASDAQ:FFWM)

Cwm LLC lifted its stake in shares of First Foundation Inc. (NASDAQ:FFWM) by 411.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,561 shares of the bank’s stock after buying an additional 6,887 shares during the quarter. Cwm LLC’s holdings in First Foundation were worth $34,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of First Foundation during the 2nd quarter worth approximately $49,000. EA Series Trust acquired a new position in shares of First Foundation in the 2nd quarter valued at $142,000. Virtu Financial LLC increased its holdings in shares of First Foundation by 83.6% in the 2nd quarter. Virtu Financial LLC now owns 30,545 shares of the bank’s stock valued at $121,000 after acquiring an additional 13,910 shares during the period. Azora Capital LP acquired a new position in shares of First Foundation in the 1st quarter valued at $12,800,000. Finally, SG Americas Securities LLC increased its holdings in shares of First Foundation by 79.7% in the 1st quarter. SG Americas Securities LLC now owns 19,472 shares of the bank’s stock valued at $145,000 after acquiring an additional 8,634 shares during the period. Hedge funds and other institutional investors own 70.03% of the company’s stock.

First Foundation Stock Performance

Shares of FFWM opened at $5.08 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $286.72 million, a P/E ratio of -1.54 and a beta of 1.14. The company’s fifty day moving average is $6.15 and its two-hundred day moving average is $5.65. First Foundation Inc. has a 1 year low of $3.69 and a 1 year high of $16.70.

First Foundation Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.04 annualized dividend and a yield of 0.79%. First Foundation’s dividend payout ratio is currently -1.23%.

Analysts Set New Price Targets

FFWM has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of First Foundation in a report on Thursday, October 5th. They issued a “sell” rating on the stock. Wedbush cut shares of First Foundation from an “outperform” rating to a “neutral” rating and cut their target price for the company from $7.00 to $6.00 in a report on Friday, November 3rd. Finally, TheStreet cut shares of First Foundation from a “c” rating to a “d” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.50.

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 bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal 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, and 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.