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

Barclays PLC lifted its stake in First Foundation Inc. (NASDAQ:FFWM) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,932 shares of the bank’s stock after purchasing an additional 33,666 shares during the quarter. Barclays PLC owned 0.18% of First Foundation worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FFWM. FMR LLC lifted its holdings in shares of First Foundation by 20.1% during the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after buying an additional 1,019,484 shares during the period. Azora Capital LP boosted its stake in First Foundation by 8.8% during the third quarter. Azora Capital LP now owns 4,090,296 shares of the bank’s stock valued at $25,523,000 after buying an additional 332,252 shares during the last quarter. Strategic Value Bank Partners LLC raised its stake in First Foundation by 115.3% during the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock valued at $18,086,000 after purchasing an additional 1,551,861 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in First Foundation by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock worth $12,294,000 after acquiring an additional 24,440 shares during the last quarter. Finally, State Street Corp boosted its stake in First Foundation by 2.0% during the third quarter. State Street Corp now owns 1,863,369 shares of the bank’s stock worth $11,627,000 after buying an additional 36,338 shares during the period. 73.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FFWM has been the subject of several research analyst reports. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One research 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. Based on data from MarketBeat.com, First Foundation has a consensus rating of “Hold” and an average price target of $6.75.

First Foundation Stock Performance

Shares of FFWM stock opened at $5.99 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The business has a 50-day simple moving average of $7.07 and a 200-day simple moving average of $6.74. First Foundation Inc. has a 52-week low of $4.84 and a 52-week high of $11.47. The stock has a market cap of $493.37 million, a PE ratio of -5.35 and a beta of 1.37.

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.