News articles about First Foundation (NASDAQ:FFWM) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Foundation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.9829339969478 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
FFWM has been the subject of a number of analyst reports. FBR & Co set a $21.00 price target on shares of First Foundation and gave the company a “buy” rating in a report on Monday, July 17th. TheStreet raised shares of First Foundation from a “d” rating to a “c-” rating in a report on Wednesday, July 26th. ValuEngine downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. First Foundation currently has a consensus rating of “Hold” and an average target price of $19.50.
Shares of First Foundation (NASDAQ FFWM) traded up 0.99% during mid-day trading on Wednesday, reaching $18.38. 24,891 shares of the company’s stock traded hands. First Foundation has a 12-month low of $11.64 and a 12-month high of $18.72. The stock has a market capitalization of $633.43 million, a PE ratio of 19.81 and a beta of 0.67. The company’s 50-day moving average price is $17.37 and its 200-day moving average price is $16.56.
First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. First Foundation had a net margin of 20.14% and a return on equity of 10.82%. The business had revenue of $37.59 million during the quarter, compared to analysts’ expectations of $36.38 million. Analysts anticipate that First Foundation will post $0.93 earnings per share for the current year.
In other news, Chairman Ulrich E. Keller, Jr. sold 6,800 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.30, for a total value of $117,640.00. Following the completion of the sale, the chairman now owns 20,000 shares of the company’s stock, valued at approximately $346,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Ulrich E. Keller, Jr. sold 13,600 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $17.28, for a total transaction of $235,008.00. Following the completion of the sale, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $345,600. The disclosure for this sale can be found here. In the last three months, insiders sold 163,600 shares of company stock valued at $2,755,022. Corporate insiders own 18.50% of the company’s stock.
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First Foundation Company Profile
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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