1 week Ago By Defense World Staff
American Century Companies Inc. decreased its stake in shares of First Foundation Inc. (NASDAQ:FFWM – Free Report) by 18.
6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 411,840 shares of the bank’s stock after selling 94,269 shares during the period. American Century Companies Inc.
owned 0.50% of First Foundation worth $2,558,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FFWM.
FMR LLC raised its position in shares of First Foundation by 20.1% in the third quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after purchasing an additional 1,019,484 shares during the period.
State Street Corp grew its stake in First Foundation by 2.0% in the 3rd quarter. State Street Corp now owns 1,863,369 shares of the bank’s stock valued at $11,627,000 after buying an additional 36,338 shares during the last quarter.
Geode Capital Management LLC raised its holdings in First Foundation by 21.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,416,963 shares of the bank’s stock worth $8,844,000 after acquiring an additional 249,237 shares during the period.
Royce & Associates LP lifted its position in First Foundation by 48.6% during the 4th quarter. Royce & Associates LP now owns 1,277,619 shares of the bank’s stock worth $7,934,000 after acquiring an additional 417,849 shares during the last quarter.
Finally, Charles Schwab Investment Management Inc. lifted its position in First Foundation by 21.9% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 614,147 shares of the bank’s stock worth $3,814,000 after acquiring an additional 110,323 shares during the last quarter. 73.
10% of the stock is currently owned by institutional investors and hedge funds. First Foundation Price PerformanceShares of First Foundation stock opened at $4.66 on Tuesday.
The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.
87. The company has a market cap of $383.41 million, a PE ratio of -3.
47 and a beta of 1.19. The firm has a fifty day moving average price of $5.
08 and a two-hundred day moving average price of $6.27. First Foundation Inc.
has a fifty-two week low of $4.50 and a fifty-two week high of $8.52.
Wall Street Analysts Forecast GrowthSeparately, Piper Sandler dropped their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.
One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.75.
Read Our Latest Stock Analysis on First FoundationFirst 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.
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