First Foundation (FFWM) Earning Somewhat Positive News Coverage, Report Finds

News coverage about First Foundation (NASDAQ:FFWM) has been trending somewhat positive recently, according to Alpha One. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Foundation earned a media sentiment score of 0.04 on Alpha One’s scale. Alpha One also assigned press coverage about the bank an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

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

Shares of First Foundation (NASDAQ:FFWM) traded down 2.17% during mid-day trading on Thursday, reaching $16.26. The company’s stock had a trading volume of 40,420 shares. First Foundation has a 12 month low of $10.01 and a 12 month high of $17.26. The company has a 50 day moving average price of $16.01 and a 200 day moving average price of $15.36. The stock has a market capitalization of $542.14 million, a P/E ratio of 21.14 and a beta of 0.64.

First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Monday, April 24th. The bank reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $33.84 million for the quarter, compared to the consensus estimate of $33.53 million. First Foundation had a return on equity of 8.99% and a net margin of 17.72%. On average, equities research analysts anticipate that First Foundation will post $0.90 earnings per share for the current fiscal year.

FFWM has been the topic of several research reports. Piper Jaffray Companies initiated coverage on First Foundation in a research note on Friday, May 12th. They set a “neutral” rating and a $18.00 price objective on the stock. Zacks Investment Research upgraded First Foundation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, April 25th. FBR & Co upped their price objective on First Foundation from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, April 25th. Finally, ValuEngine upgraded First Foundation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First Foundation has a consensus rating of “Hold” and an average target price of $20.25.

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In other First Foundation news, CFO John Michel sold 30,000 shares of First Foundation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $16.47, for a total transaction of $494,100.00. Following the sale, the chief financial officer now directly owns 83,291 shares of the company’s stock, valued at $1,371,802.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ulrich E. Keller, Jr. sold 5,000 shares of First Foundation stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $15.71, for a total value of $78,550.00. Following the sale, the chairman now directly owns 20,000 shares in the company, valued at $314,200. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $1,196,850 over the last ninety days. Company insiders own 22.00% of the company’s stock.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FFWM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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