First Foundation Inc. (NASDAQ:FFWM) is Fortress Investment Group LLC's 5th Largest Position

Fortress Investment Group LLC raised its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,038,750 shares of the bank's stock after buying an additional 714,000 shares during the period. First Foundation comprises about 4.0% of Fortress Investment Group LLC's investment portfolio, making the stock its 5th biggest holding. Fortress Investment Group LLC owned 4.90% of First Foundation worth $25,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC grew its position in First Foundation by 30.0% in the third quarter. Barclays PLC now owns 145,932 shares of the bank's stock worth $911,000 after acquiring an additional 33,666 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in First Foundation by 33.5% in the third quarter. JPMorgan Chase & Co. now owns 50,210 shares of the bank's stock worth $313,000 after purchasing an additional 12,586 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in First Foundation during the fourth quarter worth $775,000. FLC Capital Advisors raised its holdings in First Foundation by 3.6% during the fourth quarter. FLC Capital Advisors now owns 140,805 shares of the bank's stock valued at $874,000 after buying an additional 4,944 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of First Foundation by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 54,309 shares of the bank's stock worth $337,000 after buying an additional 2,926 shares during the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

First Foundation Stock Up 3.1 %

Shares of FFWM stock opened at $5.37 on Friday. The stock has a 50 day moving average of $4.94 and a 200-day moving average of $5.96. The firm has a market cap of $442.41 million, a PE ratio of -4.01 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 12 month low of $4.42 and a 12 month high of $8.52.

Analyst Ratings Changes

A number of research analysts have recently commented on FFWM shares. StockNews.com lowered First Foundation from a "hold" rating to a "sell" rating in a report on Tuesday. Piper Sandler dropped their price target on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.75.

About First Foundation

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.

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