138,937 Shares in First Foundation Inc. $FFWM Acquired by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC has invested $721,000 in First Foundation Inc., acquiring 138,937 shares, representing approximately 0.17% of the bank's stock.
• Other institutional investors, including Azora Capital LP and Vanguard Group Inc., have recently increased their holdings, indicating strong institutional interest in First Foundation.
• Wall Street analysts have mixed views on First Foundation's stock, with a consensus rating of "Hold" and a price target of $6.25, despite some downgrades and a buy rating from Jefferies Financial Group.

FJ Capital Management LLC bought a new position in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 138,937 shares of the bank's stock, valued at approximately $721,000. FJ Capital Management LLC owned 0.17% of First Foundation as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FFWM. Cloud Capital Management LLC acquired a new position in shares of First Foundation in the 1st quarter valued at $25,000. GAMMA Investing LLC grew 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 valued at $26,000 after buying an additional 2,387 shares during the period. State of Wyoming acquired a new position in shares of First Foundation in the 4th quarter valued at $48,000. Moran Wealth Management LLC bought a new stake in First Foundation in the 1st quarter valued at $55,000. Finally, ProShare Advisors LLC lifted its position in First Foundation by 50.9% in the 4th quarter. ProShare Advisors LLC now owns 17,915 shares of the bank's stock valued at $111,000 after acquiring an additional 6,043 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company's stock.

First Foundation Stock Performance

Shares of NASDAQ:FFWM traded up $0.01 on Friday, reaching $6.10. 1,037,766 shares of the company's stock were exchanged, compared to its average volume of 724,901. The company has a fifty day moving average of $5.42 and a 200-day moving average of $5.18. First Foundation Inc. has a twelve month low of $4.41 and a twelve month high of $8.52. The company has a market capitalization of $502.14 million, a price-to-earnings ratio of -4.55 and a beta of 1.04. 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 equities research analysts recently commented on the stock. Piper Sandler cut their price objective on shares of First Foundation from $6.00 to $5.50 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Jefferies Financial Group set a $7.00 target price on shares of First Foundation and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.25.

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.