Creative Planning Has $103,000 Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

Creative Planning boosted its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 35.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,463 shares of the bank’s stock after buying an additional 4,336 shares during the period. Creative Planning’s holdings in First Foundation were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of First Foundation during the first quarter worth approximately $3,819,000. Mendon Capital Advisors Corp grew its holdings in shares of First Foundation by 144.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock valued at $4,236,000 after acquiring an additional 381,946 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of First Foundation in the second quarter worth $1,870,000. Kennedy Capital Management LLC purchased a new stake in shares of First Foundation during the first quarter worth $1,731,000. Finally, Thrivent Financial for Lutherans acquired a new stake in First Foundation during the second quarter valued at $838,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on FFWM shares. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.80.

First Foundation Price Performance

NASDAQ:FFWM opened at $8.12 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $550.94 million, a P/E ratio of -7.36 and a beta of 1.30. The company has a fifty day moving average price of $6.89 and a 200 day moving average price of $6.35. First Foundation Inc. has a one year low of $4.82 and a one year high of $11.47.

First Foundation Company 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.