First Foundation Inc. (NASDAQ:FFWM) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in First Foundation Inc. (NASDAQ:FFWM - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,249 shares of the bank's stock after selling 152,630 shares during the period. Squarepoint Ops LLC owned about 0.07% of First Foundation worth $368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FFWM. Raymond James Financial Inc. acquired a new stake in shares of First Foundation in the fourth quarter worth approximately $489,000. JPMorgan Chase & Co. grew its holdings in shares of First Foundation by 234.5% during the fourth quarter. JPMorgan Chase & Co. now owns 167,940 shares of the bank's stock worth $1,043,000 after buying an additional 117,730 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of First Foundation by 21.9% in the fourth 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 during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of First Foundation by 665.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock worth $32,000 after buying an additional 4,424 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in First Foundation by 19.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,965 shares of the bank's stock valued at $14,711,000 after acquiring an additional 379,288 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFWM has been the subject of a number of analyst reports. Jefferies Financial Group set a $7.00 price target on First Foundation and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered 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 sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.80.

First Foundation Trading Up 0.8%

Shares of FFWM stock traded up $0.05 during trading on Monday, hitting $5.35. 459,644 shares of the stock traded hands, compared to its average volume of 645,947. The firm has a market capitalization of $440.35 million, a P/E ratio of -3.99 and a beta of 0.99. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The firm's fifty day moving average price is $5.08 and its 200-day moving average price is $5.63. First Foundation Inc. has a 52-week low of $4.42 and a 52-week high of $8.52.

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.