American Century Companies Inc. Sells 94,269 Shares of First Foundation Inc. (NASDAQ:FFWM)

American Century Companies Inc. decreased its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 411,840 shares of the bank's stock after selling 94,269 shares during the period. American Century Companies Inc. owned about 0.50% of First Foundation worth $2,558,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in First Foundation in the 4th quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in shares of First Foundation by 665.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after buying an additional 4,424 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in First Foundation during the third quarter valued at about $72,000. HighTower Advisors LLC bought a new stake in First Foundation in the 3rd quarter worth approximately $87,000. Finally, Virtu Financial LLC purchased a new position in First Foundation in the 4th quarter worth $116,000. Institutional investors own 73.10% of the company's stock.

First Foundation Price Performance

Shares of First Foundation stock traded up $0.02 during trading on Friday, reaching $4.63. 662,924 shares of the stock traded hands, compared to its average volume of 600,138. 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 52-week low of $4.42 and a 52-week high of $8.52. The business has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $6.21. The company has a market capitalization of $381.43 million, a price-to-earnings ratio of -3.46 and a beta of 1.19.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded First Foundation from a "sell" rating to a "hold" rating in a research report on Thursday. Piper Sandler cut their price objective 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.