Hotchkis & Wiley Capital Management LLC boosted its stake in shares of First Foundation Inc. (NASDAQ:FFWM - Free Report) by 27.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,334,782 shares of the bank's stock after acquiring an additional 289,592 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.62% of First Foundation worth $8,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of First Foundation during the 2nd quarter worth approximately $563,000. Elizabeth Park Capital Advisors Ltd. raised its stake in shares of First Foundation by 26.7% during the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 463,953 shares of the bank's stock worth $3,039,000 after buying an additional 97,732 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of First Foundation during the 2nd quarter worth approximately $838,000. Mendon Capital Advisors Corp raised its stake in shares of First Foundation by 144.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank's stock worth $4,236,000 after buying an additional 381,946 shares in the last quarter. Finally, Modera Wealth Management LLC purchased a new position in shares of First Foundation during the 2nd quarter worth approximately $1,870,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on FFWM. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Stephens cut First Foundation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 1st. One 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.80.

View Our Latest Stock Analysis on FFWM

FFWM stock opened at $7.94 on Thursday. First Foundation Inc. has a 52-week low of $4.84 and a 52-week high of $11.47. The stock has a market capitalization of $653.82 million, a price-to-earnings ratio of -7.09 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The stock's fifty day simple moving average is $7.33 and its 200-day simple moving average is $6.61.

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.

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