124,754 Shares in First Foundation Inc. (NASDAQ:FFWM) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in First Foundation Inc. (NASDAQ:FFWM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 124,754 shares of the bank's stock, valued at approximately $775,000. Assenagon Asset Management S.A. owned approximately 0.15% of First Foundation at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Strategic Value Bank Partners LLC grew its stake in shares of First Foundation by 115.3% during the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank's stock valued at $18,086,000 after purchasing an additional 1,551,861 shares during the last quarter. Invenomic Capital Management LP acquired a new position in First Foundation during the 3rd quarter worth $8,373,000. FMR LLC boosted its position in First Foundation by 20.1% in the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank's stock valued at $38,063,000 after buying an additional 1,019,484 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of First Foundation in the 3rd quarter valued at $4,428,000. Finally, Royce & Associates LP raised its position in shares of First Foundation by 143.7% during the third quarter. Royce & Associates LP now owns 859,770 shares of the bank's stock worth $5,365,000 after acquiring an additional 506,956 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.

First Foundation Trading Up 0.1 %

NASDAQ:FFWM traded up $0.01 during mid-day trading on Friday, hitting $6.24. The company had a trading volume of 388,283 shares, compared to its average volume of 362,714. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. First Foundation Inc. has a fifty-two week low of $4.84 and a fifty-two week high of $11.47. The firm has a market cap of $513.51 million, a P/E ratio of -5.57 and a beta of 1.37. The business's fifty day moving average is $6.82 and its two-hundred day moving average is $6.78.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FFWM shares. StockNews.com cut First Foundation from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Stephens lowered shares of First Foundation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $6.75.

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.