First Foundation Inc. (NASDAQ:FFWM) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in First Foundation Inc. (NASDAQ:FFWM) by 93.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,966 shares of the bank’s stock after acquiring an additional 61,946 shares during the period. GSA Capital Partners LLP owned 0.19% of First Foundation worth $799,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in First Foundation by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,859,870 shares of the bank’s stock valued at $21,592,000 after purchasing an additional 31,026 shares during the period. Dimensional Fund Advisors LP raised its holdings in First Foundation by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock valued at $12,294,000 after buying an additional 24,440 shares during the period. Mendon Capital Advisors Corp lifted its position in First Foundation by 144.3% in the second quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock valued at $4,236,000 after buying an additional 381,946 shares during the last quarter. American Century Companies Inc. boosted its stake in First Foundation by 1.5% during the second quarter. American Century Companies Inc. now owns 500,490 shares of the bank’s stock worth $3,278,000 after buying an additional 7,302 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. increased its position in shares of First Foundation by 26.7% during the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 463,953 shares of the bank’s stock valued at $3,039,000 after acquiring an additional 97,732 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on FFWM. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.80.

First Foundation Price Performance

First Foundation stock opened at $7.71 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 52-week low of $4.84 and a 52-week high of $11.47. The firm has a market cap of $634.92 million, a PE ratio of -6.86 and a beta of 1.30. The company’s 50 day moving average is $6.97 and its two-hundred day moving average is $6.39.

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.