Quadrature Capital Ltd Makes New $126,000 Investment in First Foundation Inc. (NASDAQ:FFWM)

Quadrature Capital Ltd bought a new stake in shares of First Foundation Inc. (NASDAQ:FFWM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,043 shares of the bank’s stock, valued at approximately $126,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FFWM. Diversified Trust Co grew its position in First Foundation by 8.5% in the 4th quarter. Diversified Trust Co now owns 13,946 shares of the bank’s stock valued at $135,000 after acquiring an additional 1,089 shares during the last quarter. TFO Wealth Partners LLC increased its stake in First Foundation by 38,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 16,896 shares of the bank’s stock worth $164,000 after buying an additional 16,852 shares during the period. New York State Common Retirement Fund increased its stake in First Foundation by 116.3% in the 4th quarter. New York State Common Retirement Fund now owns 21,070 shares of the bank’s stock worth $204,000 after buying an additional 11,328 shares during the period. Citigroup Inc. lifted its holdings in First Foundation by 149.3% during the 3rd quarter. Citigroup Inc. now owns 41,900 shares of the bank’s stock valued at $255,000 after buying an additional 25,095 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in First Foundation by 22.5% in the 4th quarter. Principal Financial Group Inc. now owns 32,971 shares of the bank’s stock worth $319,000 after acquiring an additional 6,045 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

First Foundation Stock Up 8.7 %

First Foundation stock opened at $6.52 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.84. The firm has a market cap of $368.45 million, a P/E ratio of -1.78 and a beta of 1.31. The business has a fifty day moving average of $5.88 and a two-hundred day moving average of $7.51. First Foundation Inc. has a twelve month low of $3.69 and a twelve month high of $11.47.

First Foundation (NASDAQ:FFWM) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $51.07 million for the quarter, compared to the consensus estimate of $58.93 million. First Foundation had a positive return on equity of 1.11% and a negative net margin of 32.44%. On average, analysts forecast that First Foundation Inc. will post 0.12 earnings per share for the current fiscal year.

First Foundation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, May 3rd. First Foundation’s payout ratio is currently -1.09%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FFWM. Wedbush reiterated a “neutral” rating and issued a $7.00 price target on shares of First Foundation in a report on Wednesday, May 22nd. StockNews.com raised First Foundation from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

First Foundation Company 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.