1 week Ago By ABMN Staff
American Century Companies Inc. trimmed its position in First Foundation Inc. ( NASDAQ:FFWM – Free Report ) by 18.
6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,840 shares of the bank’s stock after selling 94,269 shares during the quarter. American Century Companies Inc.
’s holdings in First Foundation were worth $2,558,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of FFWM. Millstone Evans Group LLC bought a new stake in First Foundation in the 4th quarter valued at $30,000.
Farther Finance Advisors LLC boosted its position in shares of First Foundation by 665.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock valued at $32,000 after acquiring an additional 4,424 shares in the last quarter.
Y Intercept Hong Kong Ltd acquired a new stake in shares of First Foundation during the 3rd quarter valued at about $72,000. HighTower Advisors LLC bought a new stake in First Foundation in the third quarter valued at about $87,000. Finally, Virtu Financial LLC acquired a new position in First Foundation in the fourth quarter worth about $116,000.
73.10% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, Piper Sandler decreased 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, February 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.75. First Foundation Stock Down 2.
0 % Shares of NASDAQ:FFWM opened at $4.66 on Tuesday. The company’s fifty day moving average is $5.
08 and its 200-day moving average is $6.27. The company has a debt-to-equity ratio of 1.
80, a quick ratio of 0.87 and a current ratio of 1.04.
First Foundation Inc. has a 52 week low of $4.50 and a 52 week high of $8.
52. The company has a market capitalization of $383.41 million, a PE ratio of -3.
47 and a beta of 1.19. First Foundation Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding FFWM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Foundation Inc. ( NASDAQ:FFWM – Free Report ). Receive News & Ratings for First Foundation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation and related companies with MarketBeat.
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