Media headlines about First Foundation (NASDAQ:FFWM) have been trending somewhat negative this week, according to Alpha One Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. 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 -0.02 on Alpha One’s scale. Alpha One also assigned press coverage about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:
- First Foundation, Inc. :FFWM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 19, 2017 (finance.yahoo.com)
- First Foundation Announces Recipients of 2017 ‘Supporting Our Communities’ Award (tmcnet.com)
- Brokerages Set $18.38 Price Target for First Foundation Inc (FFWM) (americanbankingnews.com)
- First Foundation Announces Recipients of 2017 ‘Supporting Our Communities’ Award (finance.yahoo.com)
- First Foundation, Inc. breached its 50 day moving average in a Bearish Manner : FFWM-US : May 15, 2017 (finance.yahoo.com)
Shares of First Foundation (NASDAQ:FFWM) traded up 0.19% on Friday, reaching $15.94. 90,428 shares of the company’s stock were exchanged. First Foundation has a 52-week low of $10.01 and a 52-week high of $17.26. The stock has a market cap of $531.47 million, a P/E ratio of 20.73 and a beta of 0.53. The company’s 50 day moving average price is $15.81 and its 200-day moving average price is $14.95.
First Foundation (NASDAQ:FFWM) last released its earnings results 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 business had revenue of $33.84 million during the quarter, compared to the consensus estimate of $33.53 million. First Foundation had a net margin of 17.24% and a return on equity of 8.37%. Equities analysts forecast that First Foundation will post $0.90 EPS for the current fiscal year.
A number of research analysts recently issued reports on FFWM shares. Zacks Investment Research cut shares of First Foundation from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. FBR & Co boosted their price objective on shares of First Foundation to $16.00 and gave the company a “market perform” rating in a report on Tuesday, February 7th. Finally, Piper Jaffray Companies started coverage on shares of First Foundation in a report on Friday, May 12th. They set a “neutral” rating and a $18.00 price objective for the company.
In other news, Director Jacob Sonenshine sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $16.65, for a total transaction of $166,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Michel sold 30,000 shares of the firm’s 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 approximately $1,371,802.77. The disclosure for this sale can be found here. Insiders have sold a total of 80,334 shares of company stock valued at $1,300,468 in the last three months. Insiders own 22.00% of the company’s stock.
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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