North Reef Capital Management LP Has $38.44 Million Stake in First Foundation Inc. $FFWM

North Reef Capital Management LP decreased its holdings in shares of First Foundation Inc. (NYSE:FFWM) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,900,306 shares of the company’s stock after selling 714,694 shares during the period. First Foundation makes up 1.8% of North Reef Capital Management LP’s holdings, making the stock its 14th largest position. North Reef Capital Management LP owned 8.33% of First Foundation worth $38,435,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in First Foundation during the 3rd quarter worth approximately $27,000. Mercer Global Advisors Inc. ADV bought a new position in shares of First Foundation during the third quarter worth $68,000. Inceptionr LLC acquired a new position in shares of First Foundation in the 2nd quarter valued at $74,000. Arcus Capital Partners LLC bought a new stake in shares of First Foundation in the 3rd quarter valued at $97,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of First Foundation by 12.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,755 shares of the company’s stock valued at $104,000 after buying an additional 2,060 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research lowered First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Foundation in a research report on Monday, December 29th. Finally, DA Davidson cut First Foundation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.58.

First Foundation Stock Up 1.2%

FFWM stock opened at $5.65 on Tuesday. The stock’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $5.85. The company has a market cap of $467.88 million, a P/E ratio of -2.99 and a beta of 0.92. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 0.99. First Foundation Inc. has a fifty-two week low of $4.41 and a fifty-two week high of $6.72.

First Foundation (NYSE:FFWM) last issued its earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). First Foundation had a positive return on equity of 1.06% and a negative net margin of 26.37%.The firm had revenue of $48.36 million for the quarter.

About First Foundation

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.