First Foundation Inc. (NASDAQ:FFWM) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in First Foundation Inc. (NASDAQ:FFWM - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,824,803 shares of the bank's stock after buying an additional 774,844 shares during the period. Vanguard Group Inc. owned approximately 4.64% of First Foundation worth $23,752,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FFWM. Fox Run Management L.L.C. acquired a new position in shares of First Foundation in the fourth quarter worth about $91,000. Virtu Financial LLC purchased a new stake in First Foundation during the 4th quarter worth approximately $116,000. Millstone Evans Group LLC acquired a new position in shares of First Foundation in the 4th quarter valued at approximately $30,000. Intech Investment Management LLC boosted its stake in shares of First Foundation by 22.7% during the 4th quarter. Intech Investment Management LLC now owns 20,537 shares of the bank's stock valued at $128,000 after buying an additional 3,794 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of First Foundation by 48.6% during the fourth quarter. Royce & Associates LP now owns 1,277,619 shares of the bank's stock worth $7,934,000 after buying an additional 417,849 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

First Foundation Stock Performance

FFWM traded up $0.12 during trading hours on Friday, hitting $4.97. 1,106,931 shares of the stock were exchanged, compared to its average volume of 617,785. The stock has a market cap of $408.94 million, a price-to-earnings ratio of -3.71 and a beta of 1.19. The stock has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $6.16. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. First Foundation Inc. has a 12 month low of $4.42 and a 12 month high of $8.52.

Analyst Ratings Changes

FFWM has been the topic of several recent analyst reports. StockNews.com cut shares of First Foundation from a "hold" rating to a "sell" rating in a report on Friday. Piper Sandler cut their target price on shares of First Foundation from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, First Foundation presently has a consensus rating of "Hold" and an average price target of $6.75.

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.