First Foundation Inc (NASDAQ:FFWM) has received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.90.
Several research firms have recently issued reports on FFWM. BidaskClub lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley set a $19.00 target price on shares of First Foundation and gave the stock a “buy” rating in a research note on Friday, October 12th. ValuEngine upgraded shares of First Foundation from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 6th. TheStreet lowered shares of First Foundation from a “b” rating to a “c+” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of First Foundation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th.
FFWM traded down $0.33 during trading on Thursday, hitting $14.47. 288,935 shares of the company’s stock were exchanged, compared to its average volume of 203,608. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44. First Foundation has a fifty-two week low of $14.00 and a fifty-two week high of $20.43. The company has a market cap of $657.77 million, a price-to-earnings ratio of 14.92, a PEG ratio of 1.97 and a beta of 0.46.
First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. First Foundation had a net margin of 13.75% and a return on equity of 9.64%. The firm had revenue of $54.83 million for the quarter, compared to the consensus estimate of $49.89 million. As a group, equities analysts forecast that First Foundation will post 1.08 earnings per share for the current fiscal year.
In other news, CFO John Michel sold 14,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $16.33, for a total value of $228,620.00. Following the completion of the sale, the chief financial officer now owns 37,000 shares in the company, valued at approximately $604,210. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Hakopian sold 20,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $16.25, for a total transaction of $325,000.00. Following the completion of the sale, the insider now owns 33,200 shares of the company’s stock, valued at approximately $539,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,400 shares of company stock valued at $1,533,014. Company insiders own 14.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Woods Capital Investors LLC bought a new stake in shares of First Foundation in the 3rd quarter worth $248,000. Tower Research Capital LLC TRC bought a new position in First Foundation during the second quarter valued at about $254,000. GSA Capital Partners LLP bought a new position in First Foundation during the second quarter valued at about $260,000. Quantitative Systematic Strategies LLC bought a new position in First Foundation during the second quarter valued at about $273,000. Finally, Wedbush Securities Inc. bought a new position in First Foundation during the second quarter valued at about $274,000. Hedge funds and other institutional investors own 61.10% of the company’s stock.
First Foundation Company Profile
First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company 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.
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