5 Best Bank Penny Stocks to Buy Now

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1. First Foundation Inc. (NASDAQ:FFWM)

Number of Hedge Fund Investors in Q1 2023: 16

First Foundation Inc. (NASDAQ:FFWM) is an American regional bank operating out of Dallas, Texas. It has operations in five U.S. states. Through an investor presentation in June 2023, the bank outlined that 71% of its loans are in California, and that its shares have appreciated by 174% from listing until March 2022. However, the shares are down by more than 70% year to date.

As of March 2023, 16 of the 943 hedge funds covered by Insider Monkey had invested in First Foundation Inc. (NASDAQ:FFWM). Out of these, the biggest shareholder is Ravi Chopra’s Azora Capital with a $12.8 million investment.

Follow First Foundation Inc. (NASDAQ:FFWM)

Disclosure: None. You can also take a look at 25 Poorest Cities In The US That Are Getting Poorer and 11 Most Undervalued Foreign Stocks To Buy.

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