First Foundation Inc. $FFWM Shares Bought by Royce & Associates LP

Royce & Associates LP grew its position in First Foundation Inc. (NASDAQ:FFWM) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,811,991 shares of the bank’s stock after buying an additional 285,944 shares during the period. Royce & Associates LP’s holdings in First Foundation were worth $10,093,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in First Foundation by 12.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,755 shares of the bank’s stock valued at $104,000 after acquiring an additional 2,060 shares during the last quarter. Quantbot Technologies LP raised its position in First Foundation by 4.9% in the second quarter. Quantbot Technologies LP now owns 58,055 shares of the bank’s stock valued at $296,000 after purchasing an additional 2,692 shares during the period. Cloud Capital Management LLC acquired a new position in shares of First Foundation in the 3rd quarter valued at $27,000. Geode Capital Management LLC grew its holdings in shares of First Foundation by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,648,635 shares of the bank’s stock worth $8,410,000 after purchasing an additional 8,002 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of First Foundation by 66.8% during the 3rd quarter. ProShare Advisors LLC now owns 21,716 shares of the bank’s stock worth $121,000 after purchasing an additional 8,693 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

First Foundation Stock Up 0.5%

Shares of FFWM opened at $5.99 on Wednesday. The company’s 50-day moving average price is $6.20 and its 200 day moving average price is $5.84. 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 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $496.48 million, a P/E ratio of -4.47 and a beta of 0.93.

First Foundation Profile

First Foundation Inc is a bank holding company headquartered in Irvine, California, that provides a suite of banking and wealth management services through its subsidiary, First Foundation Bank, and affiliated advisory firms. The company’s primary focus lies in serving high-net-worth individuals, privately held businesses, professionals and entrepreneurs, offering a combination of personalized banking solutions and tailored investment advice.

On the banking side, First Foundation offers deposit products, business checking accounts, cash management services and specialized lending solutions.