First Foundation Inc (FFWM) Director Acquires $121,212.00 in Stock
First Foundation Inc (NASDAQ:FFWM) Director Max Briggs purchased 7,400 shares of the stock in a transaction dated Friday, September 14th. The shares were purchased at an average price of $16.38 per share, with a total value of $121,212.00. Following the completion of the transaction, the director now owns 8,510 shares of the company’s stock, valued at $139,393.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
NASDAQ:FFWM traded down $0.15 during midday trading on Monday, reaching $16.26. The company had a trading volume of 13,966 shares, compared to its average volume of 195,319. The firm has a market cap of $730.33 million, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. First Foundation Inc has a 12-month low of $14.95 and a 12-month high of $20.43. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 1.53.
First Foundation (NASDAQ:FFWM) last released its earnings results on Monday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). The company had revenue of $43.24 million during the quarter, compared to analysts’ expectations of $45.38 million. First Foundation had a net margin of 12.87% and a return on equity of 9.51%. equities analysts forecast that First Foundation Inc will post 1.03 EPS for the current year.
A number of research analysts recently issued reports on FFWM shares. DA Davidson lifted their target price on First Foundation from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 11th. BidaskClub upgraded First Foundation from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Sandler O’Neill lowered First Foundation from a “buy” rating to a “hold” rating and set a $21.50 target price for the company. in a report on Tuesday, July 31st. TheStreet lowered First Foundation from a “b” rating to a “c+” rating in a report on Friday, August 10th. Finally, ValuEngine lowered First Foundation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. First Foundation presently has a consensus rating of “Hold” and a consensus target price of $20.90.
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.
Recommended Story: Index Funds
Receive News & Ratings for First Foundation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation and related companies with MarketBeat.com's FREE daily email newsletter.