Jane Street Group LLC Sells 26,395 Shares of First Foundation Inc. (NASDAQ:FFWM)

Jane Street Group LLC lowered its holdings in First Foundation Inc. (NASDAQ:FFWM) by 47.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,534 shares of the bank’s stock after selling 26,395 shares during the quarter. Jane Street Group LLC’s holdings in First Foundation were worth $183,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of First Foundation in the 4th quarter valued at about $30,000. Farther Finance Advisors LLC raised its holdings in shares of First Foundation by 665.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock valued at $32,000 after purchasing an additional 4,424 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of First Foundation in the 4th quarter valued at about $91,000. Virtu Financial LLC bought a new stake in shares of First Foundation in the 4th quarter valued at about $116,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of First Foundation in the 4th quarter valued at about $123,000. Institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

FFWM has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price objective on shares of First Foundation and gave the stock a “buy” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, First Foundation currently has an average rating of “Hold” and an average price target of $6.80.

First Foundation Stock Up 3.6%

NASDAQ:FFWM opened at $5.29 on Friday. The company has a market cap of $435.41 million, a PE ratio of -3.94 and a beta of 1.01. First Foundation Inc. has a twelve month low of $4.42 and a twelve 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 company’s 50 day moving average is $5.08 and its two-hundred day moving average is $5.66.

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.