Deutsche Bank AG Sells 186,819 Shares of First Foundation Inc. (NASDAQ:FFWM)

Deutsche Bank AG trimmed its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 78.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 52,291 shares of the bank's stock after selling 186,819 shares during the quarter. Deutsche Bank AG owned about 0.06% of First Foundation worth $325,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in First Foundation during the fourth quarter worth about $489,000. JPMorgan Chase & Co. increased its holdings in First Foundation by 234.5% in the 4th quarter. JPMorgan Chase & Co. now owns 167,940 shares of the bank's stock valued at $1,043,000 after buying an additional 117,730 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of First Foundation by 21.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank's stock valued at $3,814,000 after buying an additional 110,323 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after acquiring an additional 4,424 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Foundation by 19.1% during the 4th 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. 73.10% of the stock is owned by institutional investors and hedge funds.

First Foundation Price Performance

First Foundation stock traded up $0.04 during mid-day trading on Wednesday, reaching $5.10. The company had a trading volume of 770,057 shares, compared to its average volume of 643,910. The business has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $5.70. The company has a market cap of $420.17 million, a P/E ratio of -3.81 and a beta of 1.01. First Foundation Inc. has a fifty-two week low of $4.42 and a fifty-two week high of $8.52. 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

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of 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 price target on First Foundation and gave the stock a "buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.80.

First Foundation 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.