First Foundation Inc. (NASDAQ:FFWM) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in First Foundation Inc. (NASDAQ:FFWM) by 90.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,139 shares of the bank’s stock after acquiring an additional 61,347 shares during the period. BNP Paribas Financial Markets owned 0.16% of First Foundation worth $806,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of First Foundation by 20.1% in the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after purchasing an additional 1,019,484 shares during the last quarter. Royce & Associates LP lifted its position in First Foundation by 143.7% in the third quarter. Royce & Associates LP now owns 859,770 shares of the bank’s stock valued at $5,365,000 after buying an additional 506,956 shares during the last quarter. Mendon Capital Advisors Corp boosted its stake in First Foundation by 144.3% during the second quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock worth $4,236,000 after buying an additional 381,946 shares during the period. Modera Wealth Management LLC acquired a new stake in shares of First Foundation during the second quarter valued at about $1,870,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of First Foundation in the 2nd quarter valued at approximately $838,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FFWM shares. Stephens downgraded shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered 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 given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, First Foundation presently has an average rating of “Hold” and an average price target of $7.80.

First Foundation Price Performance

First Foundation stock opened at $7.71 on Thursday. The company’s 50 day moving average is $7.49 and its two-hundred day moving average is $6.66. The firm has a market cap of $635.00 million, a PE ratio of -6.88 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 52-week low of $4.84 and a 52-week 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.