First Foundation Inc. (NASDAQ:FFWM) Holdings Decreased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its holdings in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 48.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,336 shares of the bank's stock after selling 249,974 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.33% of First Foundation worth $1,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FFWM. Millstone Evans Group LLC bought a new stake in First Foundation during the 4th quarter valued at $30,000. Farther Finance Advisors LLC raised its stake in First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock valued at $32,000 after acquiring an additional 4,424 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of First Foundation in the 4th quarter worth $91,000. Virtu Financial LLC bought a new stake in shares of First Foundation in the 4th quarter worth $116,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of First Foundation in the 4th quarter worth $123,000. Institutional investors own 73.10% of the company's stock.

First Foundation Trading Up 0.7%

Shares of First Foundation stock traded up $0.04 on Tuesday, reaching $5.21. 76,440 shares of the company were exchanged, compared to its average volume of 684,144. The stock has a fifty day moving average price of $5.04 and a 200-day moving average price of $5.80. The firm has a market capitalization of $428.98 million, a price-to-earnings ratio of -3.89 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a fifty-two week low of $4.41 and a fifty-two week high of $8.52.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FFWM. Piper Sandler dropped their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Wall Street Zen downgraded First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group set a $7.00 price objective on First Foundation and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.80.

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.