Charles Schwab Investment Management Inc. Has $3.14 Million Stake in First Foundation Inc. (NASDAQ:FFWM)

Charles Schwab Investment Management Inc. grew its stake in shares of First Foundation Inc. (NASDAQ:FFWM) by 21.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 503,824 shares of the bank’s stock after purchasing an additional 90,612 shares during the period. Charles Schwab Investment Management Inc. owned about 0.74% of First Foundation worth $3,144,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FFWM. Royce & Associates LP raised its position in First Foundation by 143.7% in the 3rd 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 lifted its position in shares of First Foundation by 144.3% during the second quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock valued at $4,236,000 after purchasing an additional 381,946 shares in the last quarter. Modera Wealth Management LLC purchased a new position in First Foundation during the second quarter worth about $1,870,000. Thrivent Financial for Lutherans purchased a new position in First Foundation during the second quarter worth about $838,000. Finally, AQR Capital Management LLC grew its position in First Foundation by 65.4% in the 2nd quarter. AQR Capital Management LLC now owns 253,119 shares of the bank’s stock worth $1,658,000 after purchasing an additional 100,070 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FFWM. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. StockNews.com cut 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 issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.80.

First Foundation Stock Down 0.1 %

FFWM opened at $7.30 on Friday. The company’s 50-day moving average price is $7.52 and its two-hundred day moving average price is $6.68. 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 twelve month low of $4.84 and a twelve month high of $11.47. The stock has a market cap of $601.23 million, a price-to-earnings ratio of -6.52 and a beta of 1.34.

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.