Other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in shares of First Foundation during the 4th quarter valued at $775,000. Raymond James Financial Inc. acquired a new stake in shares of First Foundation in the fourth quarter valued at about $489,000. JPMorgan Chase & Co. increased its stake in shares of First Foundation by 234.5% in the fourth quarter. JPMorgan Chase & Co. now owns 167,940 shares of the bank’s stock valued at $1,043,000 after buying an additional 117,730 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of First Foundation by 21.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock valued at $3,814,000 after buying an additional 110,323 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in First Foundation by 665.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock worth $32,000 after purchasing an additional 4,424 shares during the period. 73.10% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on FFWM shares. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler dropped their target price on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, First Foundation has an average rating of “Hold” and an average price target of $6.75.

Read Our Latest Analysis on First Foundation

NASDAQ FFWM opened at $5.30 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market capitalization of $436.23 million, a PE ratio of -3.95 and a beta of 1.01. First Foundation Inc. has a 52-week low of $4.42 and a 52-week high of $8.52. The company has a 50-day simple moving average of $5.00 and a 200 day simple moving average of $5.89.

(Free Report)

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.

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