Curi RMB Capital LLC Sells 263,587 Shares of First Foundation Inc. (NASDAQ:FFWM)

Curi RMB Capital LLC lowered its position in First Foundation Inc. (NASDAQ:FFWM) by 40.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 383,104 shares of the bank’s stock after selling 263,587 shares during the quarter. Curi RMB Capital LLC owned about 0.56% of First Foundation worth $2,391,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FFWM. Creative Planning raised its position in shares of First Foundation by 35.8% in the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock valued at $103,000 after purchasing an additional 4,336 shares during the period. Caxton Associates LP purchased a new stake in shares of First Foundation during the first quarter worth $123,000. Hollencrest Capital Management boosted its holdings in shares of First Foundation by 76.5% in the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after acquiring an additional 8,600 shares during the period. Boston Partners purchased a new position in shares of First Foundation in the first quarter valued at $128,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in First Foundation by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock worth $136,000 after purchasing an additional 1,632 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FFWM. Stephens cut First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.80.

First Foundation Trading Down 1.5 %

Shares of First Foundation stock opened at $7.68 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 1.04. First Foundation Inc. has a 1 year low of $4.84 and a 1 year high of $11.47. The firm has a market cap of $632.45 million, a PE ratio of -6.87 and a beta of 1.30. The company has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $6.38.

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.