Mirabella Financial Services LLP Acquires New Holdings in First Foundation Inc. (NASDAQ:FFWM)

Mirabella Financial Services LLP acquired a new position in First Foundation Inc. (NASDAQ:FFWM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 396,428 shares of the bank's stock, valued at approximately $2,462,000. Mirabella Financial Services LLP owned approximately 0.48% of First Foundation at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of First Foundation by 19.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank's stock worth $14,711,000 after purchasing an additional 379,288 shares in the last quarter. Fourthstone LLC bought a new position in First Foundation in the 4th quarter valued at about $1,168,000. Jump Financial LLC grew its position in First Foundation by 66.0% in the 4th quarter. Jump Financial LLC now owns 60,935 shares of the bank's stock valued at $378,000 after buying an additional 24,235 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Foundation during the 4th quarter valued at about $489,000. Finally, Invesco Ltd. raised its position in shares of First Foundation by 3.2% during the 4th quarter. Invesco Ltd. now owns 220,910 shares of the bank's stock worth $1,372,000 after buying an additional 6,948 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FFWM. StockNews.com lowered shares of First Foundation from a "hold" rating to a "sell" rating in a research note on Friday, April 18th. Piper Sandler lowered their price target on 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $6.75.

First Foundation Price Performance

Shares of NASDAQ FFWM traded down $0.10 during trading on Thursday, hitting $5.03. The company had a trading volume of 655,376 shares, compared to its average volume of 626,759. First Foundation Inc. has a 52 week low of $4.42 and a 52 week high of $8.52. The business's 50-day moving average is $4.93 and its 200 day moving average is $6.13. The company has a market cap of $414.30 million, a P/E ratio of -3.75 and a beta of 1.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04.

First Foundation 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.