First Foundation Inc. (NASDAQ:FFWM) Stake Reduced by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. lowered its position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,336 shares of the bank's stock after selling 282,313 shares during the period. Elizabeth Park Capital Advisors Ltd. owned approximately 0.34% of First Foundation worth $1,753,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in First Foundation during the 3rd quarter worth $104,000. Charles Schwab Investment Management Inc. grew its stake in shares of First Foundation by 21.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,824 shares of the bank's stock valued at $3,144,000 after acquiring an additional 90,612 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of First Foundation by 12.4% during the third quarter. The Manufacturers Life Insurance Company now owns 23,338 shares of the bank's stock worth $146,000 after acquiring an additional 2,579 shares during the last quarter. FMR LLC lifted its stake in shares of First Foundation by 20.1% in the third quarter. FMR LLC now owns 6,099,900 shares of the bank's stock worth $38,063,000 after acquiring an additional 1,019,484 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in First Foundation by 90.5% in the third quarter. BNP Paribas Financial Markets now owns 129,139 shares of the bank's stock valued at $806,000 after purchasing an additional 61,347 shares during the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

First Foundation Stock Performance

Shares of NASDAQ:FFWM traded down $0.01 on Friday, reaching $4.60. 302,813 shares of the company's stock were exchanged, compared to its average volume of 597,486. The business's 50-day moving average is $5.00 and its two-hundred day moving average is $6.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $8.52. The firm has a market capitalization of $379.21 million, a price-to-earnings ratio of -3.40 and a beta of 1.19.

Analysts Set New Price Targets

Several research firms recently issued reports on FFWM. StockNews.com raised shares of First Foundation from a "sell" rating to a "hold" rating in a report on Thursday. Piper Sandler dropped their target price on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.75.

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.