First Foundation Inc. (FFWM) Trading Up 5.3%
First Foundation Inc. (NASDAQ:FFWM) shares were up 5.3% during mid-day trading on Friday . The company traded as high as $24.85 and last traded at $24.85, with a volume of 59,556 shares traded. The stock had previously closed at $23.60.
A number of research analysts recently issued reports on FFWM shares. DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of First Foundation in a report on Wednesday, July 6th. Zacks Investment Research upgraded First Foundation from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Finally, FBR & Co started coverage on First Foundation in a report on Friday, July 1st. They set an “outperform” rating and a $26.00 price objective for the company.
The company has a market capitalization of $405.66 million and a PE ratio of 26.24. The firm’s 50-day moving average price is $22.07 and its 200-day moving average price is $22.07.
First Foundation (NASDAQ:FFWM) last announced its earnings results on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Analysts predict that First Foundation Inc. will post $1.40 EPS for the current year.
In related news, CFO John Michel bought 1,500 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were purchased at an average cost of $21.41 per share, with a total value of $32,115.00. Following the acquisition, the chief financial officer now owns 19,255 shares of the company’s stock, valued at $412,249.55. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Victoria Collins sold 5,000 shares of First Foundation stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $21.25, for a total value of $106,250.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in First Foundation stock. Russell Frank Co boosted its position in First Foundation Inc. (NASDAQ:FFWM) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,006 shares of the company’s stock after buying an additional 9,928 shares during the period. Russell Frank Co owned approximately 0.69% of First Foundation worth $2,599,000 as of its most recent filing with the SEC.
First Foundation Inc is a financial services holding company. The Company 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.