FLC Capital Advisors Purchases 4,944 Shares of First Foundation Inc. (NASDAQ:FFWM)

FLC Capital Advisors grew its position in First Foundation Inc. (NASDAQ:FFWM) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,805 shares of the bank’s stock after acquiring an additional 4,944 shares during the quarter. FLC Capital Advisors’ holdings in First Foundation were worth $874,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of First Foundation in the third quarter valued at $72,000. HighTower Advisors LLC acquired a new position in shares of First Foundation in the 3rd quarter valued at $87,000. Creative Planning lifted its holdings in shares of 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 acquiring an additional 4,336 shares during the period. Intech Investment Management LLC bought a new position in shares of First Foundation during the 3rd quarter worth about $104,000. Finally, Hollencrest Capital Management boosted its position in shares of First Foundation by 76.5% during the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock valued at $124,000 after acquiring an additional 8,600 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Trading Up 3.2 %

Shares of FFWM stock opened at $6.28 on Monday. The company has a market capitalization of $516.81 million, a P/E ratio of 33.29 and a beta of 1.37. First Foundation Inc. has a 12-month low of $4.84 and a 12-month high of $11.47. 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 firm has a 50-day moving average price of $6.99 and a 200 day moving average price of $6.75.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FFWM. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. 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 given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.75.

About First Foundation

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.