First Foundation Inc. $FFWM Holdings Boosted by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC increased its stake in First Foundation Inc. by 26.8% during the first quarter, acquiring an additional 84,500 shares, bringing its total shares to 400,000.
• Other institutional investors, including Vanguard Group Inc. and Fortress Investment Group LLC, also raised their positions in First Foundation, with a combined institutional ownership of 73.10%.
• The stock price of First Foundation Inc. has varied, with a one year low of $4.41 and a high of $8.52, currently opening at $6.10 with an average target price of $6.25 from analysts.

Curi RMB Capital LLC lifted its position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the bank's stock after purchasing an additional 84,500 shares during the period. Curi RMB Capital LLC owned about 0.49% of First Foundation worth $2,076,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FFWM. Vanguard Group Inc. lifted its holdings in First Foundation by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 4,141,752 shares of the bank's stock worth $21,496,000 after buying an additional 316,949 shares in the last quarter. Fortress Investment Group LLC increased its position in shares of First Foundation by 21.5% during the fourth quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank's stock worth $25,081,000 after acquiring an additional 714,000 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 379,288 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of First Foundation by 11.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,603,952 shares of the bank's stock worth $8,325,000 after acquiring an additional 159,570 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in First Foundation by 13.7% in the first quarter. Royce & Associates LP now owns 1,452,919 shares of the bank's stock valued at $7,541,000 after purchasing an additional 175,300 shares during the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

First Foundation Stock Performance

FFWM traded up $0.12 during trading hours on Thursday, hitting $6.03. 365,252 shares of the stock were exchanged, compared to its average volume of 717,689. The stock has a market cap of $496.38 million, a price-to-earnings ratio of -4.50 and a beta of 1.04. The stock has a 50-day simple moving average of $5.46 and a 200-day simple moving average of $5.20. 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 12 month low of $4.41 and a 12 month high of $8.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FFWM shares. Jefferies Financial Group set a $7.00 price objective on First Foundation and gave the stock a "buy" rating in a report on Wednesday, May 21st. Piper Sandler decreased their price target on shares of First Foundation from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Friday, August 1st. Finally, Wall Street Zen cut shares of First Foundation from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. 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, the stock has a consensus rating of "Hold" and an average price target of $6.25.

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.