First Foundation Inc. (NASDAQ:FFWM) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,100 shares of the bank's stock after selling 71,100 shares during the period. Two Sigma Advisers LP's holdings in First Foundation were worth $255,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in First Foundation during the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC raised its stake in First Foundation by 665.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank's stock valued at $32,000 after buying an additional 4,424 shares during the period. State of Wyoming bought a new stake in First Foundation in the 4th quarter valued at $48,000. Fox Run Management L.L.C. acquired a new stake in shares of First Foundation during the 4th quarter worth about $91,000. Finally, ProShare Advisors LLC boosted its holdings in shares of First Foundation by 50.9% during the fourth quarter. ProShare Advisors LLC now owns 17,915 shares of the bank's stock worth $111,000 after acquiring an additional 6,043 shares during the period. Institutional investors and hedge funds own 73.10% of the company's stock.

First Foundation Price Performance

First Foundation stock traded up $0.05 during mid-day trading on Tuesday, hitting $5.42. 344,065 shares of the company traded hands, compared to its average volume of 645,712. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market cap of $446.12 million, a price-to-earnings ratio of -4.04 and a beta of 0.99. The stock has a fifty day moving average price of $5.08 and a 200-day moving average price of $5.61. First Foundation Inc. has a one year low of $4.42 and a one year high of $8.52.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen downgraded First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price objective on shares of First Foundation and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One 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, the stock has a consensus 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.