First Foundation Inc. $FFWM Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in First Foundation Inc. by 9.9%, holding about 0.67% of the company worth approximately $2.87 million as of the latest SEC filing.
• Institutional investors collectively own 73.10% of First Foundation, with significant stake increases from firms like Dimensional Fund Advisors and Wells Fargo.
• Analysts have varying ratings for First Foundation, with a consensus rating of "Hold" and a price target of $6.25, while some analysts have downgraded the stock to "Sell".

Charles Schwab Investment Management Inc. lowered its position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 553,063 shares of the bank's stock after selling 61,084 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of First Foundation worth $2,870,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in First Foundation in the 1st quarter valued at about $25,000. GAMMA Investing LLC raised its holdings in shares of First Foundation by 90.0% in the 1st quarter. GAMMA Investing LLC now owns 5,039 shares of the bank's stock worth $26,000 after purchasing an additional 2,387 shares in the last quarter. State of Wyoming acquired a new stake in First Foundation during the fourth quarter valued at approximately $48,000. Moran Wealth Management LLC bought a new stake in First Foundation during the first quarter worth approximately $55,000. Finally, ProShare Advisors LLC grew its position in First Foundation by 50.9% in the fourth quarter. ProShare Advisors LLC now owns 17,915 shares of the bank's stock worth $111,000 after buying an additional 6,043 shares during the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Jefferies Financial Group set a $7.00 target price on First Foundation and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Piper Sandler decreased their price target on First Foundation from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, First Foundation presently has an average rating of "Hold" and a consensus price target of $6.25.

First Foundation Stock Up 1.8%

Shares of FFWM traded up $0.11 during mid-day trading on Thursday, reaching $6.09. The company's stock had a trading volume of 543,995 shares, compared to its average volume of 723,098. The company has a market cap of $501.32 million, a price-to-earnings ratio of -4.54 and a beta of 1.04. The business has a fifty day moving average of $5.40 and a 200 day moving average of $5.17. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 1 year low of $4.41 and a 1 year high of $8.52.

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.