First Foundation Inc. (NASDAQ:FFWM) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC lifted its position in shares of First Foundation Inc. (NASDAQ:FFWM) by 712.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,177 shares of the bank’s stock after acquiring an additional 22,077 shares during the quarter. Aquatic Capital Management LLC’s holdings in First Foundation were worth $156,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in First Foundation during the fourth quarter worth approximately $289,000. North Reef Capital Management LP raised its stake in shares of First Foundation by 182.7% during the 4th quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank’s stock worth $27,242,000 after buying an additional 2,835,000 shares during the period. Nebula Research & Development LLC lifted its position in shares of First Foundation by 42.8% during the 4th quarter. Nebula Research & Development LLC now owns 24,429 shares of the bank’s stock valued at $152,000 after buying an additional 7,318 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in First Foundation by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,459 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,885 shares during the period. Finally, Mirabella Financial Services LLP purchased a new stake in First Foundation in the 4th quarter worth $2,462,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFWM has been the topic of several recent analyst reports. StockNews.com raised shares of First Foundation from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Piper Sandler lowered their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.75.

First Foundation Trading Up 3.9 %

Shares of FFWM opened at $5.32 on Monday. The firm’s fifty day moving average is $4.91 and its two-hundred day moving average is $6.02. The stock has a market cap of $438.13 million, a PE ratio of -3.97 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation Inc. has a 52-week low of $4.42 and a 52-week high of $8.52.

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.