Prudential Financial Inc. Has $482,000 Stake in First Foundation Inc. (NASDAQ:FFWM)

Prudential Financial Inc. reduced its position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,612 shares of the bank's stock after selling 50,100 shares during the quarter. Prudential Financial Inc. owned about 0.09% of First Foundation worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FFWM. Charles Schwab Investment Management Inc. boosted its holdings in First Foundation by 21.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,824 shares of the bank's stock worth $3,144,000 after buying an additional 90,612 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in First Foundation during the fourth quarter valued at approximately $775,000. Geode Capital Management LLC increased its stake in First Foundation by 21.3% in the third quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank's stock valued at $8,844,000 after purchasing an additional 249,237 shares in the last quarter. Barclays PLC increased its stake in First Foundation by 30.0% in the third quarter. Barclays PLC now owns 145,932 shares of the bank's stock valued at $911,000 after purchasing an additional 33,666 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in First Foundation in the third quarter worth $190,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

First Foundation Stock Performance

NASDAQ FFWM traded up $0.02 on Friday, hitting $4.63. 662,924 shares of the stock were exchanged, compared to its average volume of 600,138. The company has a market capitalization of $381.43 million, a PE ratio of -3.46 and a beta of 1.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The business's fifty day moving average is $4.99 and its 200 day moving average is $6.21. First Foundation Inc. has a 52 week low of $4.42 and a 52 week high of $8.52.

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Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler reduced their price target on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. StockNews.com raised shares of First Foundation from a "sell" rating to a "hold" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.