Mirabella Financial Services LLP Trims Stock Holdings in First Foundation Inc. $FFWM

Mirabella Financial Services LLP reduced its holdings in shares of First Foundation Inc. (NYSE:FFWM) by 69.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 279,263 shares of the company’s stock after selling 624,367 shares during the period. Mirabella Financial Services LLP’s holdings in First Foundation were worth $1,555,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in First Foundation in the third quarter worth $27,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of First Foundation during the third quarter worth $68,000. Inceptionr LLC purchased a new stake in shares of First Foundation during the second quarter valued at $74,000. Arcus Capital Partners LLC purchased a new stake in shares of First Foundation during the third quarter valued at $97,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of First Foundation by 12.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,755 shares of the company’s stock worth $104,000 after purchasing an additional 2,060 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

First Foundation Price Performance

FFWM opened at $5.79 on Friday. First Foundation Inc. has a 12-month low of $4.41 and a 12-month high of $6.72. The company has a current ratio of 0.90, a quick ratio of 0.94 and a debt-to-equity ratio of 1.73. The business’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $5.84. The company has a market capitalization of $479.73 million, a price-to-earnings ratio of -3.06 and a beta of 0.92.

First Foundation (NYSE:FFWM) last released its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). First Foundation had a negative net margin of 26.37% and a positive return on equity of 1.09%. The firm had revenue of $48.36 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on FFWM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Foundation in a research note on Monday, December 29th. DA Davidson downgraded shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, First Foundation currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.58.

About First Foundation

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.