First Foundation Inc. (NASDAQ:FFWM) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in shares of First Foundation Inc. (NASDAQ:FFWM) by 201.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,293 shares of the bank’s stock after acquiring an additional 102,476 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.19% of First Foundation worth $952,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in First Foundation by 5.2% in the 4th quarter. Empowered Funds LLC now owns 55,382 shares of the bank’s stock worth $344,000 after buying an additional 2,722 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in First Foundation by 5.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 55,382 shares of the bank’s stock worth $344,000 after buying an additional 2,722 shares in the last quarter. SG Americas Securities LLC grew its holdings in First Foundation by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 54,309 shares of the bank’s stock worth $337,000 after buying an additional 2,926 shares in the last quarter. Intech Investment Management LLC grew its holdings in First Foundation by 22.7% in the 4th quarter. Intech Investment Management LLC now owns 20,537 shares of the bank’s stock worth $128,000 after buying an additional 3,794 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 worth $152,000 after buying an additional 3,885 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

First Foundation Stock Down 1.3%

FFWM opened at $5.34 on Thursday. First Foundation Inc. has a one year low of $4.42 and a one year high of $8.52. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The stock’s fifty day moving average is $4.97 and its 200-day moving average is $5.92. The company has a market capitalization of $439.94 million, a PE ratio of -3.99 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com lowered First Foundation from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler lowered their target price on shares of First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.75.

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.