SG Americas Securities LLC Has $337,000 Stock Holdings in First Foundation Inc. (NASDAQ:FFWM)

SG Americas Securities LLC lifted its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,309 shares of the bank’s stock after buying an additional 2,926 shares during the period. SG Americas Securities LLC owned about 0.07% of First Foundation worth $337,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FFWM. Y Intercept Hong Kong Ltd acquired a new position in First Foundation during the third quarter worth about $72,000. HighTower Advisors LLC acquired a new position in First Foundation during the 3rd quarter worth approximately $87,000. Creative Planning increased its position in First Foundation by 35.8% during the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares in the last quarter. Intech Investment Management LLC bought a new position in First Foundation in the 3rd quarter valued at approximately $104,000. Finally, Hollencrest Capital Management increased 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 buying an additional 8,600 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors.

First Foundation Price Performance

First Foundation stock opened at $5.11 on Wednesday. The firm has a market cap of $421.11 million, a P/E ratio of -3.82 and a beta of 1.36. The stock’s 50 day moving average is $6.57 and its 200 day moving average is $6.77. 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 one year low of $4.66 and a one year high of $8.88.

Analyst Upgrades and Downgrades

FFWM has been the topic of several recent research reports. Piper Sandler cut their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday. StockNews.com cut First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.75.

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.