Inceptionr LLC Has $69,000 Position in First Foundation Inc. (NASDAQ:FFWM)

Inceptionr LLC lowered its position in First Foundation Inc. (NASDAQ:FFWM) by 36.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,031 shares of the bank’s stock after selling 6,198 shares during the quarter. Inceptionr LLC’s holdings in First Foundation were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Value Bank Partners LLC boosted its holdings in First Foundation by 115.3% in the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock valued at $18,086,000 after acquiring an additional 1,551,861 shares during the last quarter. Invenomic Capital Management LP bought a new stake in First Foundation in the third quarter valued at approximately $8,373,000. FMR LLC boosted its holdings in First Foundation by 20.1% in the third quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock valued at $38,063,000 after acquiring an additional 1,019,484 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in First Foundation in the third quarter valued at approximately $4,428,000. Finally, Royce & Associates LP boosted its holdings in First Foundation by 143.7% in the third quarter. Royce & Associates LP now owns 859,770 shares of the bank’s stock valued at $5,365,000 after acquiring an additional 506,956 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, First Foundation currently has a consensus rating of “Hold” and an average price target of $6.75.

First Foundation Price Performance

First Foundation stock opened at $4.60 on Tuesday. The stock has a market capitalization of $378.47 million, a price-to-earnings ratio of -3.43 and a beta of 1.35. First Foundation Inc. has a 52-week low of $4.55 and a 52-week high of $8.52. The stock’s 50 day moving average price is $5.57 and its two-hundred day moving average price is $6.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04.

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.