First Foundation Inc. (NASDAQ:FFWM) Stock Holdings Decreased by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 59.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,884 shares of the bank’s stock after selling 38,232 shares during the quarter. Two Sigma Investments LP’s holdings in First Foundation were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in First Foundation by 5.2% in the fourth quarter. Empowered Funds LLC now owns 55,382 shares of the bank’s stock worth $344,000 after buying an additional 2,722 shares during the last quarter. Rhumbline Advisers grew its holdings in First Foundation by 13.6% in the 4th quarter. Rhumbline Advisers now owns 94,308 shares of the bank’s stock valued at $586,000 after buying an additional 11,262 shares during the last quarter. Bank of New York Mellon Corp increased its position in First Foundation by 23.4% during the fourth quarter. Bank of New York Mellon Corp now owns 190,603 shares of the bank’s stock worth $1,184,000 after acquiring an additional 36,109 shares during the period. Proficio Capital Partners LLC bought a new position in shares of First Foundation during the 4th quarter worth about $123,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in First Foundation by 21.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock valued at $3,814,000 after acquiring an additional 110,323 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen cut shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price target on shares of First Foundation and gave the company a “buy” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Foundation has an average rating of “Hold” and an average price target of $6.80.

First Foundation Trading Down 0.4%

NASDAQ:FFWM opened at $5.38 on Friday. The firm has a market capitalization of $443.24 million, a price-to-earnings ratio of -4.01 and a beta of 0.99. First Foundation Inc. has a 1-year low of $4.42 and a 1-year high of $8.52. The business’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $5.59. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

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.