19 hours Ago By Defense World Staff
Empowered Funds LLC grew its stake in shares of First Foundation Inc. (NASDAQ:FFWM – Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 55,382 shares of the bank’s stock after acquiring an additional 2,722 shares during the quarter. Empowered Funds LLC owned about 0.07% of First Foundation worth $344,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of FFWM. Y Intercept Hong Kong Ltd acquired a new position in First Foundation during the third quarter worth approximately $72,000. HighTower Advisors LLC purchased a new stake in shares of First Foundation during the 3rd quarter valued at $87,000.
Creative Planning increased 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 buying an additional 4,336 shares during the last quarter.
Intech Investment Management LLC purchased a new position in shares of First Foundation in the 3rd quarter worth $104,000. Finally, Hollencrest Capital Management boosted its holdings in First Foundation by 76.5% in the third 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 during the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
First Foundation Stock PerformanceFirst Foundation stock opened at $5.17 on Friday. The firm has a market capitalization of $425.
39 million, a PE ratio of -3.85 and a beta of 1.35.
First Foundation Inc. has a one year low of $4.66 and a one year high of $8.
52. The stock’s 50 day moving average price is $5.90 and its 200 day moving average price is $6.
63. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.
87 and a current ratio of 1.04. Wall Street Analysts Forecast GrowthSeveral brokerages have commented on FFWM.
Piper Sandler dropped their price target on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.
StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research 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 issued a buy rating to the company’s stock.
According to MarketBeat, First Foundation has an average rating of “Hold” and an average target price of $6.75.Check Out Our Latest Research Report 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.Recommended StoriesFive stocks we like better than First FoundationBest Aerospace Stocks Investing Ray Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024Why is the Ex-Dividend Date Significant to Investors?Walmart Faces Tariff Headwinds, Consumer Trends Remain PositiveUpcoming IPO Stock Lockup Period, ExplainedTesla: 2 Reasons to Buy, 1 Reason to Run.
