Barclays PLC Increases Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

Barclays PLC increased its position in shares of First Foundation Inc. (NASDAQ:FFWM) by 30.0% in the 3rd quarter, Holdings Channel reports. The firm owned 145,932 shares of the bank’s stock after purchasing an additional 33,666 shares during the period. Barclays PLC’s holdings in First Foundation were worth $911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of First Foundation in the third quarter valued at about $72,000. HighTower Advisors LLC purchased a new stake in shares of First Foundation during the third quarter worth approximately $87,000. Creative Planning grew its stake in shares of First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares in the last quarter. Intech Investment Management LLC acquired a new stake in First Foundation during the third quarter worth approximately $104,000. Finally, Hollencrest Capital Management lifted its holdings in shares of First Foundation by 76.5% in the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock valued at $124,000 after purchasing an additional 8,600 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

First Foundation Trading Up 4.2 %

Shares of FFWM opened at $5.99 on Wednesday. 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 Inc. has a twelve month low of $4.84 and a twelve month high of $11.47. The firm has a market capitalization of $493.37 million, a P/E ratio of -5.35 and a beta of 1.37. The stock’s fifty day simple moving average is $7.07 and its 200 day simple moving average is $6.74.

Wall Street Analysts Forecast Growth

Several research firms have commented on FFWM. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.75.

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.