First Foundation Inc Has Bullish Trade, Rmb Capital Management Bought Stake!

February 13, 2018 - By Maria Brooks

 First Foundation Inc Has Bullish Trade, Rmb Capital Management Bought Stake!

Investors sentiment increased to 3.13 in Q3 2017. Its up 1.61, from 1.52 in 2017Q2. It improved, as 0 investors sold First Foundation Inc. shares while 16 reduced holdings. 13 funds opened positions while 37 raised stakes. 37.09 million shares or 113.88% more from 17.34 million shares in 2017Q2 were reported.

Sg Americas Limited Liability Com reported 6,554 shares. Jpmorgan Chase invested 0% of its portfolio in First Foundation Inc. (NASDAQ:FFWM). Moreover, Product Prtnrs Lc has 0.01% invested in First Foundation Inc. (NASDAQ:FFWM) for 19,852 shares. New York-based Cornerstone Capital Mgmt Hldg Ltd Liability Corp has invested 0.01% in First Foundation Inc. (NASDAQ:FFWM). Chesley Taft & Assocs Limited Liability Corporation holds 46,800 shares or 0.07% of its portfolio. Eidelman Virant Capital reported 0.54% in First Foundation Inc. (NASDAQ:FFWM). Tower Research Cap Limited Co (Trc) has invested 0% in First Foundation Inc. (NASDAQ:FFWM). Mendon Cap holds 2.17% in First Foundation Inc. (NASDAQ:FFWM) or 1.45M shares. American Money Mngmt Lc has 0.18% invested in First Foundation Inc. (NASDAQ:FFWM). Natl Bank Of America Corp De holds 0% or 7,778 shares. Geode Capital Management Ltd Liability Co holds 0% of its portfolio in First Foundation Inc. (NASDAQ:FFWM) for 235,665 shares. Bank & Trust Of Ny Mellon Corp has 0% invested in First Foundation Inc. (NASDAQ:FFWM). Essex Inv Company Lc invested in 93,389 shares or 0.23% of the stock. Citigroup has invested 0% in First Foundation Inc. (NASDAQ:FFWM). Deutsche Comml Bank Ag stated it has 0.01% in First Foundation Inc. (NASDAQ:FFWM).

Since August 15, 2017, it had 0 insider purchases, and 11 insider sales for $1.69 million activity. On Friday, August 25 the insider KELLER ULRICH E. JR sold $18,683. $174,720 worth of First Foundation Inc. (NASDAQ:FFWM) was sold by MICHEL JOHN on Wednesday, September 6. BRIGGS MAX had sold 5,305 shares worth $101,379. HAKOPIAN JOHN sold $164,800 worth of stock or 10,000 shares.

The New Rmb Capital Management Holding in First Foundation Inc

Rmb Capital Management reported SC 13G form with the SEC for First Foundation Inc. Access it here: 000117266118000459. As reported by Rmb Capital Management, the filler owns 5.3% or 1,852,106 shares of the -company.

First Foundation Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for First Foundation Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

First Foundation Inc Institutional Sentiment

Filings show 55 investors own First Foundation Inc. The ownership in Q3 2015 is high, at 58.99 % of the outstanding shares. This is increased by 22427651. 22539208 were owned by these investors. 47 funds opened new First Foundation Inc stakes, 4 increased positions. There were 1 that closed positions and 0 reduced them.

William Black Consector Capital Lp is an investor bullish on First Foundation Inc, owning 46312 shares as of Q3 2015 for 1.21% of its portfolio. Tom Brown Second Curve Capital Llc owns 83728 shares or 0.86% of its portfolio. PA Patriot Financial Partners Gp Lp have 1.09% of its portfolio for 200000 shares. Further, Fsi Group Llc reported stake worth 1.86% of its portfolio. The NY Endicott Management Company owns 481500 shares. First Foundation Inc is 4.07% of its portfolio.

Business Profile

First Foundation Inc. is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s segments include Banking, Investment Management and Wealth Planning (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. The Company’s integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.

SEC Form 13G.

Rmb Capital Management website.

The stock increased 0.50% or $0.09 during the last trading session, reaching $18.11. About 223,132 shares traded or 63.10% up from the average. First Foundation Inc. (NASDAQ:FFWM) has risen 43.47% since February 14, 2017 and is uptrending. It has outperformed by 26.77% the S&P500.

First Foundation Inc., through its subsidiaries, provides personalized financial services to individuals, businesses, and other organizations in the United States. The company has market cap of $691.94 million. It operates in two divisions, Banking; and Investment Management and Wealth Planning. It has a 23.22 P/E ratio. The firm offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

First Foundation Inc. (NASDAQ:FFWM) Ratings Coverage

Among 3 analysts covering First Foundation (NASDAQ:FFWM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. First Foundation has $31 highest and $18 lowest target. $19.83’s average target is 9.50% above currents $18.11 stock price. First Foundation had 11 analyst reports since October 23, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, February 1 with “Buy”. The firm earned “Outperform” rating on Friday, October 28 by FBR Capital. The stock of First Foundation Inc. (NASDAQ:FFWM) has “Buy” rating given on Monday, July 17 by FBR Capital. The rating was initiated by FBR Capital on Friday, July 1 with “Outperform”. FBR Capital downgraded First Foundation Inc. (NASDAQ:FFWM) rating on Tuesday, December 20. FBR Capital has “Mkt Perform” rating and $31 target. As per Friday, July 29, the company rating was maintained by FBR Capital. On Thursday, June 22 the stock rating was upgraded by FBR Capital to “Outperform”. The firm earned “Buy” rating on Tuesday, December 19 by FBR Capital.

More important recent First Foundation Inc. (NASDAQ:FFWM) news were published by: Businesswire.com which released: “First Foundation Purchases Loans from Honolulu Habitat for Humanity” on February 09, 2018, also Bizjournals.com published article titled: “First Foundation Bank parent buying Honolulu Habitat for Humanity loans”, Businesswire.com published: “First Foundation Announces 2017 Financial Results” on January 31, 2018. More interesting news about First Foundation Inc. (NASDAQ:FFWM) was released by: Businesswire.com and their article: “First Foundation Bank Supports Commercial Growth With Addition of Digital …” with publication date: January 16, 2018.

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