First Foundation Inc. (NASDAQ:FFWM) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 48.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,277,619 shares of the bank's stock after purchasing an additional 417,849 shares during the period. Royce & Associates LP owned approximately 1.55% of First Foundation worth $7,934,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in First Foundation by 665.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after purchasing an additional 4,424 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in First Foundation during the 3rd quarter worth about $72,000. HighTower Advisors LLC purchased a new position in First Foundation during the 3rd quarter valued at about $87,000. Intech Investment Management LLC purchased a new position in First Foundation during the 3rd quarter valued at about $104,000. Finally, Proficio Capital Partners LLC acquired a new position in First Foundation in the 4th quarter valued at about $123,000. Institutional investors and hedge funds own 73.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price target on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.75.

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First Foundation Stock Down 0.1 %

FFWM traded down $0.01 on Friday, hitting $4.82. 719,030 shares of the company were exchanged, compared to its average volume of 549,736. The firm has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $6.41. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a twelve month low of $4.52 and a twelve month high of $8.52. The company has a market cap of $396.59 million, a price-to-earnings ratio of -3.59 and a beta of 1.35.

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.