First Foundation (FFWM) Given Media Impact Score of 0.13

Headlines about First Foundation (NASDAQ:FFWM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Foundation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 44.9829339969478 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of First Foundation (FFWM) traded down 1.16% during midday trading on Friday, reaching $18.74. The company had a trading volume of 66,184 shares. The company’s 50-day moving average is $17.72 and its 200-day moving average is $16.73. First Foundation has a 1-year low of $11.64 and a 1-year high of $19.34. The stock has a market capitalization of $645.84 million, a PE ratio of 20.19 and a beta of 0.67.

First Foundation (NASDAQ:FFWM) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $38.30 million during the quarter, compared to analysts’ expectations of $38.83 million. First Foundation had a return on equity of 10.69% and a net margin of 19.62%. On average, equities research analysts forecast that First Foundation will post $0.94 EPS for the current year.

Several brokerages have weighed in on FFWM. ValuEngine cut First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered First Foundation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. FBR & Co set a $21.00 target price on First Foundation and gave the company a “buy” rating in a research report on Monday, July 17th. BidaskClub lowered First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, TheStreet raised First Foundation from a “d” rating to a “c-” rating in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. First Foundation presently has a consensus rating of “Hold” and an average target price of $19.50.

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In other First Foundation news, insider John Hakopian sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $16.48, for a total transaction of $164,800.00. Following the completion of the sale, the insider now directly owns 33,200 shares in the company, valued at approximately $547,136. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Ulrich E. Keller, Jr. sold 16,245 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $16.60, for a total value of $269,667.00. Following the sale, the chairman now owns 20,000 shares of the company’s stock, valued at $332,000. The disclosure for this sale can be found here. Insiders sold a total of 163,600 shares of company stock valued at $2,755,022 in the last ninety days. 18.50% of the stock is currently owned by insiders.

First Foundation Company 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.

Insider Buying and Selling by Quarter for First Foundation (NASDAQ:FFWM)

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