Curi RMB Capital LLC Decreases Holdings in First Foundation Inc. (NASDAQ:FFWM)

Curi RMB Capital LLC lowered its position in First Foundation Inc. (NASDAQ:FFWM) by 40.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 383,104 shares of the bank’s stock after selling 263,587 shares during the period. Curi RMB Capital LLC’s holdings in First Foundation were worth $2,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Caxton Associates LP purchased a new position in First Foundation in the 1st quarter worth $123,000. Creative Planning grew its stake in shares of First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock valued at $103,000 after buying an additional 4,336 shares during the last quarter. Boston Partners purchased a new position in shares of First Foundation in the first quarter worth about $128,000. Hollencrest Capital Management lifted its stake in shares of First Foundation by 76.5% in the 3rd 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. Finally, The Manufacturers Life Insurance Company boosted its holdings in First Foundation by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock valued at $136,000 after acquiring an additional 1,632 shares during the period. 73.10% of the stock is currently owned by institutional investors.

First Foundation Price Performance

Shares of FFWM stock opened at $7.68 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $632.45 million, a P/E ratio of -6.87 and a beta of 1.30. The business’s 50 day moving average price is $6.95 and its 200-day moving average price is $6.38. First Foundation Inc. has a fifty-two week low of $4.84 and a fifty-two week high of $11.47.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.80.

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.