Barclays PLC Acquires 33,666 Shares of First Foundation Inc. (NASDAQ:FFWM)

Barclays PLC lifted its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 30.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 145,932 shares of the bank’s stock after purchasing an additional 33,666 shares during the period. Barclays PLC owned 0.18% of First Foundation worth $911,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FFWM. Y Intercept Hong Kong Ltd bought a new stake in shares of First Foundation during the third quarter worth $72,000. HighTower Advisors LLC bought a new stake in shares of First Foundation during the third quarter worth $87,000. Creative Planning grew its holdings in shares of First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of First Foundation during the third quarter worth $104,000. Finally, Hollencrest Capital Management grew its holdings in shares of First Foundation by 76.5% during the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after purchasing an additional 8,600 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

First Foundation Stock Performance

NASDAQ:FFWM opened at $5.98 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 1-year low of $4.84 and a 1-year high of $11.47. The firm has a market capitalization of $492.54 million, a price-to-earnings ratio of -5.34 and a beta of 1.34. The business’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $6.72.

Analyst Upgrades and Downgrades

FFWM has been the topic of several research reports. StockNews.com lowered First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.80.

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.