Curi RMB Capital LLC Sells 67,604 Shares of First Foundation Inc. (NASDAQ:FFWM)

Curi RMB Capital LLC reduced its position in First Foundation Inc. (NASDAQ:FFWM - Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 315,500 shares of the bank's stock after selling 67,604 shares during the period. Curi RMB Capital LLC owned about 0.38% of First Foundation worth $1,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in First Foundation by 25.4% in the 4th quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank's stock valued at $23,752,000 after purchasing an additional 774,844 shares during the period. Royce & Associates LP increased its stake in First Foundation by 48.6% during the 4th quarter. Royce & Associates LP now owns 1,277,619 shares of the bank's stock worth $7,934,000 after acquiring an additional 417,849 shares during the period. Federated Hermes Inc. raised its holdings in First Foundation by 283.5% in the 4th quarter. Federated Hermes Inc. now owns 564,167 shares of the bank's stock valued at $3,503,000 after acquiring an additional 417,044 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of First Foundation by 21.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank's stock valued at $8,844,000 after acquiring an additional 249,237 shares during the period. Finally, Fourthstone LLC bought a new position in shares of First Foundation in the fourth quarter worth $1,168,000. Institutional investors own 73.10% of the company's stock.

Wall Street Analyst Weigh In

FFWM has been the topic of several recent analyst reports. StockNews.com lowered shares of First Foundation from a "hold" rating to a "sell" rating in a report on Friday, April 18th. Piper Sandler decreased their price target on First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.75.

First Foundation Trading Down 5.0 %

First Foundation stock traded down $0.26 during trading hours on Friday, hitting $4.82. The stock had a trading volume of 850,324 shares, compared to its average volume of 628,195. The business's 50 day simple moving average is $4.92 and its 200-day simple moving average is $6.12. First Foundation Inc. has a one year low of $4.42 and a one year high of $8.52. 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 stock has a market cap of $396.59 million, a price-to-earnings ratio of -3.59 and a beta of 1.19.

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.