BNP Paribas Financial Markets Sells 81,565 Shares of First Foundation Inc. (NASDAQ:FFWM)

BNP Paribas Financial Markets trimmed its position in shares of First Foundation Inc. (NASDAQ:FFWMFree Report) by 51.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,652 shares of the bank’s stock after selling 81,565 shares during the period. BNP Paribas Financial Markets owned approximately 0.14% of First Foundation worth $742,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of First Foundation in the 3rd quarter valued at $2,305,000. Rafferty Asset Management LLC bought a new position in First Foundation in the third quarter valued at about $610,000. Nierenberg Investment Management Company Inc. acquired a new position in First Foundation during the third quarter worth about $411,000. Assenagon Asset Management S.A. bought a new position in shares of First Foundation in the third quarter worth about $377,000. Finally, Verdad Advisers LP acquired a new stake in shares of First Foundation in the 3rd quarter valued at approximately $365,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Stock Up 1.8 %

First Foundation stock opened at $5.69 on Friday. The firm has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $7.57. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.07 and a current ratio of 1.07. First Foundation Inc. has a 52-week low of $3.69 and a 52-week high of $11.47. The firm has a market cap of $321.54 million, a price-to-earnings ratio of -1.55 and a beta of 1.29.

First Foundation (NASDAQ:FFWMGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. First Foundation had a negative net margin of 32.44% and a positive return on equity of 1.11%. The business had revenue of $51.07 million for the quarter, compared to analysts’ expectations of $58.93 million. Equities analysts predict that First Foundation Inc. will post 0.16 EPS for the current year.

First Foundation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.04 annualized dividend and a yield of 0.70%. First Foundation’s dividend payout ratio is currently -1.09%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of First Foundation from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $7.00 target price on shares of First Foundation in a research report on Wednesday, May 22nd.

Get Our Latest Stock Analysis on First Foundation

First Foundation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Foundation (NASDAQ:FFWM)

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