Price T Rowe Associates Inc. MD Increases Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

Price T Rowe Associates Inc. MD increased its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,459 shares of the bank’s stock after buying an additional 3,885 shares during the period. Price T Rowe Associates Inc. MD’s holdings in First Foundation were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in First Foundation by 25.4% in the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank’s stock valued at $23,752,000 after buying an additional 774,844 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in First Foundation by 19.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank’s stock valued at $14,711,000 after buying an additional 379,288 shares in the last quarter. Geode Capital Management LLC grew its holdings in First Foundation by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 1,593,473 shares of the bank’s stock valued at $9,898,000 after buying an additional 176,510 shares in the last quarter. Royce & Associates LP grew its holdings in shares of First Foundation by 48.6% during the 4th quarter. Royce & Associates LP now owns 1,277,619 shares of the bank’s stock worth $7,934,000 after purchasing an additional 417,849 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of First Foundation by 21.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock worth $3,814,000 after purchasing an additional 110,323 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

First Foundation Price Performance

FFWM opened at $5.30 on Friday. The stock’s 50-day moving average price is $5.00 and its 200 day moving average price is $5.88. First Foundation Inc. has a 12-month low of $4.42 and a 12-month high of $8.52. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $436.23 million, a price-to-earnings ratio of -3.95 and a beta of 1.01.

Analyst Ratings Changes

FFWM has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.75.

First Foundation 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.