Cubist Systematic Strategies LLC Has $952,000 Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

Cubist Systematic Strategies LLC raised its stake in First Foundation Inc. (NASDAQ:FFWM - Free Report) by 201.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,293 shares of the bank's stock after buying an additional 102,476 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.19% of First Foundation worth $952,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of First Foundation in the fourth quarter valued at $775,000. Raymond James Financial Inc. purchased a new stake in shares of First Foundation in the fourth quarter valued at $489,000. JPMorgan Chase & Co. increased its stake in shares of First Foundation by 234.5% in the fourth quarter. JPMorgan Chase & Co. now owns 167,940 shares of the bank's stock worth $1,043,000 after acquiring an additional 117,730 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Foundation by 21.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank's stock worth $3,814,000 after acquiring an additional 110,323 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of First Foundation by 665.3% during the fourth 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 in the last quarter. Institutional investors own 73.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com lowered First Foundation from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Piper Sandler cut their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $6.75.

First Foundation Stock Performance

FFWM stock traded down $0.05 during mid-day trading on Tuesday, reaching $5.29. 16,127 shares of the stock traded hands, compared to its average volume of 633,999. The firm has a market capitalization of $435.41 million, a PE ratio of -3.94 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 52 week low of $4.42 and a 52 week high of $8.52. The business has a 50-day moving average of $5.01 and a two-hundred day moving average of $5.87.

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.