First Foundation Inc. (FFWM) Sets New 12-Month High at $25.17
First Foundation Inc. (NASDAQ:FFWM) shares reached a new 52-week high on Friday . The stock traded as high as $25.17 and last traded at $24.88, with a volume of 16,288 shares traded. The stock had previously closed at $24.70.
A number of analysts have commented on FFWM shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of First Foundation in a report on Wednesday, July 6th. Zacks Investment Research lowered shares of First Foundation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 6th. Finally, FBR & Co started coverage on shares of First Foundation in a report on Friday, July 1st. They set an “outperform” rating and a $26.00 target price for the company.
The firm has a market capitalization of $403.07 million and a PE ratio of 26.05. The company has a 50 day moving average price of $23.55 and a 200-day moving average price of $22.36.
First Foundation (NASDAQ:FFWM) last issued its quarterly earnings data 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. On average, equities research analysts forecast that First Foundation Inc. will post $1.38 earnings per share for the current fiscal year.
In related news, Director Victoria Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $21.25, for a total value of $106,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Michel acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was bought at an average cost of $21.41 per share, with a total value of $32,115.00. Following the purchase, the chief financial officer now owns 19,255 shares in the company, valued at $412,249.55. The disclosure for this purchase can be found here.
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.
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