16,743 Shares in First Foundation Inc. (NASDAQ:FFWM) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in First Foundation Inc. (NASDAQ:FFWM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,743 shares of the bank’s stock, valued at approximately $104,000.

Several other institutional investors have also recently bought and sold shares of FFWM. Vanguard Group Inc. raised its position in First Foundation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock worth $21,592,000 after purchasing an additional 31,026 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of First Foundation during the 2nd quarter valued at $196,000. SG Americas Securities LLC bought a new stake in shares of First Foundation during the 2nd quarter valued at $162,000. Bank of New York Mellon Corp raised its position in shares of First Foundation by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 188,112 shares of the bank’s stock valued at $1,232,000 after acquiring an additional 15,190 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new stake in shares of First Foundation during the 2nd quarter valued at $1,870,000. Institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FFWM shares. Stephens cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. One equities 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 stock. Based on data from MarketBeat, First Foundation presently has an average rating of “Hold” and a consensus price target of $7.80.

First Foundation Price Performance

Shares of FFWM stock opened at $7.78 on Friday. First Foundation Inc. has a 12-month low of $4.84 and a 12-month high of $11.47. The firm has a market capitalization of $640.68 million, a price-to-earnings ratio of -6.95 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average of $7.39 and a 200-day moving average of $6.63.

First Foundation Company 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.