10,679 Shares in First Foundation Inc. (NASDAQ:FFWM) Bought by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new position in First Foundation Inc. (NASDAQ:FFWM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,679 shares of the bank’s stock, valued at approximately $55,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in First Foundation by 90.0% in the first quarter. GAMMA Investing LLC now owns 5,039 shares of the bank’s stock valued at $26,000 after acquiring an additional 2,387 shares in the last quarter. Millstone Evans Group LLC bought a new stake in First Foundation in the fourth quarter valued at $30,000. Farther Finance Advisors LLC boosted its holdings in First Foundation by 665.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,089 shares of the bank’s stock valued at $32,000 after acquiring an additional 4,424 shares in the last quarter. State of Wyoming bought a new stake in First Foundation in the fourth quarter valued at $48,000. Finally, Fox Run Management L.L.C. bought a new stake in First Foundation in the fourth quarter valued at $91,000. Institutional investors own 73.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FFWM. Wall Street Zen cut shares of First Foundation from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price target on shares of First Foundation and gave the company a “buy” rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First Foundation currently has an average rating of “Hold” and an average price target of $6.80.

First Foundation Stock Performance

Shares of FFWM stock opened at $5.23 on Friday. First Foundation Inc. has a 12 month low of $4.42 and a 12 month high of $8.52. The stock has a market cap of $430.71 million, a PE ratio of -3.90 and a beta of 0.99. 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 company’s fifty day moving average price is $5.19 and its 200-day moving average price is $5.38.

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.