First Foundation Inc (NASDAQ:FFWM) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $20.63.
FFWM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded First Foundation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, October 27th. Piper Jaffray Companies restated a “hold” rating and issued a $20.00 target price on shares of First Foundation in a research note on Tuesday, January 9th. TheStreet upgraded First Foundation from a “c-” rating to a “b-” rating in a research note on Tuesday, October 31st. BidaskClub downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, B. Riley restated a “buy” rating and issued a $22.00 target price (down previously from $23.00) on shares of First Foundation in a research note on Thursday, February 1st.
In related news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $18.40, for a total value of $184,000.00. Following the transaction, the chairman now owns 20,000 shares in the company, valued at $368,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Max Briggs sold 5,305 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $19.11, for a total value of $101,378.55. Following the completion of the transaction, the director now owns 6,415 shares in the company, valued at approximately $122,590.65. The disclosure for this sale can be found here. Insiders sold a total of 35,305 shares of company stock worth $664,279 in the last 90 days. Company insiders own 18.50% of the company’s stock.
Shares of First Foundation (FFWM) traded up $0.09 during midday trading on Friday, hitting $18.11. The stock had a trading volume of 226,000 shares, compared to its average volume of 164,601. First Foundation has a 12-month low of $14.67 and a 12-month high of $19.84. The stock has a market cap of $688.50, a P/E ratio of 22.92, a PEG ratio of 2.02 and a beta of 0.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 1.02.
First Foundation (NASDAQ:FFWM) last announced its earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. First Foundation had a return on equity of 10.92% and a net margin of 15.71%. The firm had revenue of $42.60 million for the quarter, compared to the consensus estimate of $40.94 million. research analysts expect that First Foundation will post 1.27 earnings per share for the current fiscal year.
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About First Foundation
First Foundation Inc is a financial services holding company that 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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