FLC Capital Advisors Has $1.84 Million Holdings in First Foundation Inc. (NASDAQ:FFWM)

FLC Capital Advisors trimmed its holdings in First Foundation Inc. (NASDAQ:FFWM) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,929 shares of the bank’s stock after selling 1,762 shares during the period. FLC Capital Advisors owned about 0.27% of First Foundation worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. AJO LP acquired a new position in First Foundation in the second quarter valued at about $36,000. New York State Teachers Retirement System acquired a new position in shares of First Foundation during the second quarter worth about $56,000. Bank of Montreal Can boosted its position in shares of First Foundation by 159.6% during the second quarter. Bank of Montreal Can now owns 5,109 shares of the bank’s stock worth $77,000 after buying an additional 3,141 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First Foundation by 69.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,899 shares of the bank’s stock worth $80,000 after buying an additional 2,009 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of First Foundation during the first quarter worth about $110,000. 62.13% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on FFWM shares. Zacks Investment Research cut First Foundation from a “buy” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Piper Sandler dropped their target price on First Foundation from $19.50 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. BidaskClub upgraded First Foundation from a “sell” rating to a “hold” rating in a report on Tuesday, October 20th. B. Riley upped their target price on First Foundation from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, TheStreet lowered First Foundation from a “b-” rating to a “c” rating in a report on Friday, September 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.40.

NASDAQ:FFWM traded down $0.51 on Monday, hitting $15.26. The company’s stock had a trading volume of 5,609 shares, compared to its average volume of 180,500. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $14.24 and a two-hundred day moving average of $14.41. The firm has a market capitalization of $703.75 million, a P/E ratio of 10.88 and a beta of 1.49. First Foundation Inc. has a one year low of $8.01 and a one year high of $17.64.

First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

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Institutional Ownership by Quarter for First Foundation (NASDAQ:FFWM)

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