Ulrich E. Keller, Jr. Sells 10,000 Shares of First Foundation Inc. (FFWM) Stock

First Foundation Inc. (NASDAQ:FFWM) Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.23, for a total value of $192,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of First Foundation Inc. (FFWM) traded down $0.30 during trading on Thursday, reaching $18.78. The company had a trading volume of 48,000 shares, compared to its average volume of 82,743. First Foundation Inc. has a 12 month low of $13.64 and a 12 month high of $19.84. The stock has a market cap of $719.31, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.24.

First Foundation (NASDAQ:FFWM) last announced its earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $38.30 million during the quarter, compared to analysts’ expectations of $38.83 million. First Foundation had a return on equity of 10.32% and a net margin of 19.62%. equities research analysts anticipate that First Foundation Inc. will post 0.96 EPS for the current year.

FFWM has been the subject of a number of research analyst reports. Zacks Investment Research cut First Foundation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine cut First Foundation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, TheStreet upgraded First Foundation from a “c-” rating to a “b-” rating in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. First Foundation currently has a consensus rating of “Hold” and an average target price of $19.88.

A number of hedge funds have recently bought and sold shares of the business. Castine Capital Management LLC raised its position in First Foundation by 4.9% in the 3rd quarter. Castine Capital Management LLC now owns 394,289 shares of the bank’s stock valued at $7,054,000 after purchasing an additional 18,416 shares in the last quarter. Allianz Asset Management GmbH raised its position in First Foundation by 23.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 155,450 shares of the bank’s stock valued at $2,781,000 after purchasing an additional 29,510 shares in the last quarter. OxFORD Asset Management LLP raised its position in First Foundation by 66.4% in the 3rd quarter. OxFORD Asset Management LLP now owns 26,868 shares of the bank’s stock valued at $481,000 after purchasing an additional 10,723 shares in the last quarter. Dimensional Fund Advisors LP raised its position in First Foundation by 21.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 442,734 shares of the bank’s stock valued at $7,921,000 after purchasing an additional 78,969 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in First Foundation by 120.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 112,765 shares of the bank’s stock valued at $2,018,000 after purchasing an additional 61,565 shares in the last quarter. 50.95% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://sportsperspectives.com/2017/12/07/ulrich-e-keller-jr-sells-10000-shares-of-first-foundation-inc-ffwm-stock.html.

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.

Insider Buying and Selling by Quarter for First Foundation (NASDAQ:FFWM)

Receive News & Ratings for First Foundation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply