First Foundation Inc. (FFWM) Sets New 12-Month High at $25.17
First Foundation Inc. (NASDAQ:FFWM)’s share price hit a new 52-week high during trading on Friday . The company 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.
FFWM has been the subject of a number of analyst reports. FBR & Co boosted their price objective on First Foundation from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of First Foundation in a research report on Wednesday, July 6th. Finally, Zacks Investment Research downgraded First Foundation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 6th.
The company has a market capitalization of $402.90 million and a price-to-earnings ratio of 26.04. The company has a 50-day moving average price of $23.64 and a 200 day moving average price of $22.39.
First Foundation (NASDAQ:FFWM) last released its earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. On average, analysts predict that First Foundation Inc. will post $1.38 EPS for the current year.
In related news, Chairman Ulrich E. Keller, Jr. sold 5,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $23.43, for a total transaction of $117,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Michel bought 1,500 shares of First Foundation stock in a transaction that occurred on Tuesday, June 14th. The shares were acquired at an average price of $21.41 per share, for a total transaction of $32,115.00. Following the completion of the transaction, the chief financial officer now directly owns 19,255 shares of the company’s stock, valued at approximately $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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