John W. Rosenthal Capital Management Inc. raised its holdings in shares of First Foundation Inc. (NASDAQ:FFWM) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 150,000 shares of the bank’s stock after acquiring an additional 10,200 shares during the period. First Foundation makes up 2.1% of John W. Rosenthal Capital Management Inc.’s holdings, making the stock its 19th largest position. John W. Rosenthal Capital Management Inc. owned 0.43% of First Foundation worth $2,684,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kennedy Capital Management Inc. bought a new stake in shares of First Foundation during the 2nd quarter valued at $4,926,000. Bank of New York Mellon Corp raised its position in shares of First Foundation by 10.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,413 shares of the bank’s stock valued at $2,126,000 after acquiring an additional 12,557 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of First Foundation by 156.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 291,576 shares of the bank’s stock valued at $4,523,000 after acquiring an additional 177,657 shares during the last quarter. Vanguard Group Inc. raised its position in shares of First Foundation by 110.5% during the 1st quarter. Vanguard Group Inc. now owns 1,090,599 shares of the bank’s stock valued at $16,915,000 after acquiring an additional 572,520 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of First Foundation by 114.2% during the 1st quarter. American International Group Inc. now owns 16,256 shares of the bank’s stock valued at $252,000 after acquiring an additional 8,668 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

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In related news, Chairman Ulrich E. Keller, Jr. sold 8,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.47, for a total value of $131,760.00. Following the completion of the sale, the chairman now owns 20,000 shares in the company, valued at approximately $329,400. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Michel sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $16.58, for a total transaction of $497,400.00. Following the completion of the sale, the chief financial officer now owns 93,291 shares of the company’s stock, valued at approximately $1,546,764.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,600 shares of company stock valued at $2,755,022. 18.50% of the stock is owned by corporate insiders.

Several brokerages have commented on FFWM. TheStreet upgraded shares of First Foundation from a “c-” rating to a “b-” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of First Foundation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, October 27th. ValuEngine cut shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub cut shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, FBR & Co set a $21.00 target price on shares of First Foundation and gave the company a “buy” rating in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.88.

First Foundation Inc. (FFWM) traded up $0.05 on Friday, hitting $17.55. 47,400 shares of the company were exchanged, compared to its average volume of 69,958. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.02 and a current ratio of 1.07. First Foundation Inc. has a 1-year low of $12.02 and a 1-year high of $19.84. The company has a market cap of $618.30, a PE ratio of 19.08, a P/E/G ratio of 2.63 and a beta of 0.67.

First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. First Foundation had a net margin of 19.62% and a return on equity of 10.32%. The business had revenue of $38.30 million during the quarter, compared to analysts’ expectations of $38.83 million. research analysts predict that First Foundation Inc. will post 0.96 earnings per share for the current year.

First Foundation Profile

First Foundation Inc is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB.

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Institutional Ownership by Quarter for First Foundation (NASDAQ:FFWM)

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