Curi RMB Capital LLC Sells 263,587 Shares of First Foundation Inc. (NASDAQ:FFWM)

Curi RMB Capital LLC cut its position in First Foundation Inc. (NASDAQ:FFWM - Free Report) by 40.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,104 shares of the bank's stock after selling 263,587 shares during the period. Curi RMB Capital LLC owned 0.56% of First Foundation worth $2,391,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FFWM. Creative Planning increased its position in First Foundation by 35.8% in 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 during the period. Caxton Associates LP acquired a new position in shares of First Foundation in the first quarter valued at approximately $123,000. Hollencrest Capital Management raised its holdings in shares of First Foundation by 76.5% during the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank's stock worth $124,000 after acquiring an additional 8,600 shares during the period. Boston Partners acquired a new stake in shares of First Foundation in the first quarter valued at approximately $128,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in First Foundation by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank's stock worth $136,000 after purchasing an additional 1,632 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Stephens cut shares of First Foundation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7.80.

First Foundation Stock Performance

Shares of NASDAQ:FFWM traded down $0.09 during mid-day trading on Friday, reaching $7.71. The company had a trading volume of 334,372 shares, compared to its average volume of 616,903. The company's 50-day moving average price is $6.97 and its 200-day moving average price is $6.39. First Foundation Inc. has a one year low of $4.84 and a one year high of $11.47. The firm has a market cap of $634.92 million, a price-to-earnings ratio of -6.86 and a beta of 1.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.80.

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.