First Foundation Inc. (NASDAQ:FFWM) Chairman Ulrich E. Keller, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $24.27, for a total value of $121,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of First Foundation Inc. (NASDAQ:FFWM) opened at 24.67 on Friday. The company’s 50 day moving average price is $24.64 and its 200 day moving average price is $22.92. The stock has a market cap of $400.15 million, a PE ratio of 25.86 and a beta of 0.41. First Foundation Inc. has a 52-week low of $20.00 and a 52-week high of $25.25.
First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.20 earnings per share 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, analysts anticipate that First Foundation Inc. will post $1.38 earnings per share for the current year.
Several research analysts have recently commented on FFWM shares. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of First Foundation in a research note on Wednesday, July 6th. Zacks Investment Research cut First Foundation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 6th. Finally, FBR & Co started coverage on First Foundation in a research report on Friday, July 1st. They set an “outperform” rating and a $26.00 target price for the company.
Hedge funds have recently bought and sold shares of the stock. American International Group Inc. purchased a new position in shares of First Foundation during the second quarter valued at about $163,000. Dimensional Fund Advisors LP purchased a new position in shares of First Foundation during the second quarter valued at about $226,000. Rhumbline Advisers purchased a new position in shares of First Foundation during the second quarter valued at about $238,000. Nationwide Fund Advisors raised its position 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 last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of First Foundation during the second quarter valued at about $308,000. Institutional investors own 56.09% of the company’s stock.
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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