Hotchkis & Wiley Capital Management LLC Purchases 289,592 Shares of First Foundation Inc. (NASDAQ:FFWM)

Hotchkis & Wiley Capital Management LLC increased its position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,334,782 shares of the bank's stock after buying an additional 289,592 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.62% of First Foundation worth $8,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC bought a new position in First Foundation in the 3rd quarter worth approximately $87,000. Creative Planning increased its position in First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank's stock worth $103,000 after acquiring an additional 4,336 shares during the period. Intech Investment Management LLC acquired a new position in First Foundation during the 3rd quarter valued at $104,000. Boston Partners acquired a new stake in First Foundation in the 1st quarter worth $128,000. Finally, Hollencrest Capital Management grew its position in First Foundation by 76.5% in the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank's stock worth $124,000 after purchasing an additional 8,600 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FFWM. Stephens cut shares of First Foundation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.80.

First Foundation Price Performance

FFWM traded down $0.18 during midday trading on Thursday, reaching $7.76. 361,262 shares of the company's stock were exchanged, compared to its average volume of 603,921. 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 business has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $6.61. The firm has a market capitalization of $639.04 million, a price-to-earnings ratio of -6.93 and a beta of 1.34. First Foundation Inc. has a one year low of $4.84 and a one year high of $11.47.

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.