Shares of First Foundation Inc. (NASDAQ:FFWM) have been assigned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.
Brokers have set a one year consensus target price of $27.00 for the company and are expecting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned First Foundation an industry rank of 206 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have commented on the company. Zacks Investment Research cut First Foundation from a “hold” rating to a “strong sell” rating in a report on Monday, June 27th. DA Davidson reissued a “buy” rating and set a $27.00 price target on shares of First Foundation in a report on Tuesday, August 23rd. Finally, FBR & Co assumed coverage on First Foundation in a report on Friday, July 1st. They set an “outperform” rating and a $26.00 price target on the stock.
In other First Foundation news, Director Victoria Collins sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $21.25, for a total transaction of $106,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.00% of the company’s stock.
A number of large investors have recently bought and sold shares of FFWM. American International Group Inc. purchased a new stake in shares of First Foundation during the second quarter valued at about $163,000. Dimensional Fund Advisors LP purchased a new stake in shares of First Foundation during the second quarter valued at about $226,000. Rhumbline Advisers purchased a new stake in shares of First Foundation during the second quarter valued at about $238,000. Nationwide Fund Advisors boosted its stake in shares of First Foundation by 193.8% in the second quarter. Nationwide Fund Advisors now owns 12,928 shares of the company’s stock valued at $278,000 after buying an additional 8,528 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of First Foundation during the second quarter valued at about $308,000. 56.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Foundation (NASDAQ:FFWM) traded up 0.20% during midday trading on Wednesday, reaching $24.75. The company’s stock had a trading volume of 5,512 shares. The company’s 50-day moving average price is $24.66 and its 200 day moving average price is $22.88. The company has a market capitalization of $401.45 million, a P/E ratio of 25.94 and a beta of 0.41. First Foundation has a 12-month low of $20.00 and a 12-month high of $25.25.
First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.10. First Foundation had a net margin of 12.68% and a return on equity of 4.84%. On average, equities research analysts forecast that First Foundation will post $1.38 earnings per share for the current year.
First Foundation Company Profile
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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