Quadrature Capital Ltd Sells 16,477 Shares of First Foundation Inc. (NASDAQ:FFWM)

Quadrature Capital Ltd lowered its position in First Foundation Inc. (NASDAQ:FFWM) by 56.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,875 shares of the bank’s stock after selling 16,477 shares during the quarter. Quadrature Capital Ltd’s holdings in First Foundation were worth $80,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of First Foundation in the second quarter worth $162,000. Bank of New York Mellon Corp boosted its position in First Foundation by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 188,112 shares of the bank’s stock worth $1,232,000 after acquiring an additional 15,190 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in shares of First Foundation in the second quarter valued at approximately $1,870,000. American Century Companies Inc. raised its holdings in shares of First Foundation by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 500,490 shares of the bank’s stock worth $3,278,000 after acquiring an additional 7,302 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in First Foundation by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock worth $12,294,000 after purchasing an additional 24,440 shares during the period. 73.10% of the stock is currently owned by institutional investors.

First Foundation Stock Down 5.3 %

Shares of NASDAQ:FFWM opened at $7.30 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. First Foundation Inc. has a 1-year low of $4.84 and a 1-year high of $11.47. The firm has a fifty day moving average price of $7.51 and a 200 day moving average price of $6.67. The stock has a market cap of $601.26 million, a P/E ratio of -6.52 and a beta of 1.34.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.80.

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.