1 week Ago By Defense World Staff
Prudential Financial Inc. lessened its holdings in shares of First Foundation Inc. ( NASDAQ:FFWM – Free Report ) by 39.
2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,612 shares of the bank’s stock after selling 50,100 shares during the period. Prudential Financial Inc.
owned 0.09% of First Foundation worth $482,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently bought and sold shares of FFWM.
Charles Schwab Investment Management Inc. lifted its holdings in shares of First Foundation by 21.9% in the 3rd quarter.
Charles Schwab Investment Management Inc. now owns 503,824 shares of the bank’s stock worth $3,144,000 after purchasing an additional 90,612 shares during the last quarter. Assenagon Asset Management S.
A. acquired a new position in shares of First Foundation during the fourth quarter valued at $775,000. Geode Capital Management LLC grew its position in shares of First Foundation by 21.
3% during the third 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 last quarter. Barclays PLC increased its holdings in shares of First Foundation by 30.
0% in the 3rd quarter. Barclays PLC now owns 145,932 shares of the bank’s stock worth $911,000 after acquiring an additional 33,666 shares during the period. Finally, Centiva Capital LP bought a new stake in First Foundation in the 3rd quarter valued at about $190,000.
Institutional investors and hedge funds own 73.10% of the company’s stock. Wall Street Analyst Weigh In Separately, Piper Sandler dropped their price target on shares of 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock.
According to MarketBeat, First Foundation has an average rating of “Hold” and a consensus price target of $6.75. First Foundation Trading Up 5.
0 % Shares of NASDAQ:FFWM opened at $5.01 on Thursday. First Foundation Inc.
has a twelve month low of $4.42 and a twelve month high of $8.52.
The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.
80. The firm has a market cap of $412.65 million, a P/E ratio of -3.
74 and a beta of 1.19. The company has a 50 day moving average of $5.
01 and a 200-day moving average of $6.23. First Foundation 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 Stories Five stocks we like better than First Foundation Uptrend Stocks Explained: Learn How to Trade Using Uptrends Quantum Computing: The $6.
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