FLC Capital Advisors Has $874,000 Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

FLC Capital Advisors lifted its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,805 shares of the bank’s stock after purchasing an additional 4,944 shares during the quarter. FLC Capital Advisors owned approximately 0.17% of First Foundation worth $874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised 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 valued at $3,144,000 after buying an additional 90,612 shares in the last quarter. Strategic Value Bank Partners LLC raised its stake in shares of First Foundation by 115.3% in the 3rd quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock valued at $18,086,000 after acquiring an additional 1,551,861 shares in the last quarter. FMR LLC raised its stake in shares of First Foundation by 20.1% in the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after acquiring an additional 1,019,484 shares in the last quarter. Geode Capital Management LLC lifted its holdings in First Foundation by 21.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank’s stock worth $8,844,000 after purchasing an additional 249,237 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in First Foundation during the second quarter valued at approximately $563,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Trading Up 3.2 %

Shares of First Foundation stock opened at $6.28 on Monday. First Foundation Inc. has a 1 year low of $4.84 and a 1 year high of $11.47. The company’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $6.75. The company has a market cap of $516.81 million, a price-to-earnings ratio of 33.29 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FFWM. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.