First Foundation Inc (NASDAQ:FFWM) has been given a consensus broker rating score of 0.00 () from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus target price of $17.83 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Foundation an industry rank of 87 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on FFWM shares. Zacks Investment Research cut shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. FBR & Co lifted their target price on shares of First Foundation to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, February 7th.
In related news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $14.31, for a total value of $143,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacob Sonenshine sold 4,668 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $16.65, for a total transaction of $77,722.20. The disclosure for this sale can be found here. Insiders sold a total of 30,334 shares of company stock valued at $540,718 in the last 90 days. 22.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in First Foundation by 6.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,345 shares of the company’s stock valued at $437,000 after buying an additional 888 shares during the period. Two Sigma Investments LP bought a new position in First Foundation during the fourth quarter valued at $1,352,000. A.R.T. Advisors LLC bought a new position in First Foundation during the fourth quarter valued at $471,000. Basswood Capital Management L.L.C. boosted its position in First Foundation by 32.5% in the fourth quarter. Basswood Capital Management L.L.C. now owns 720,282 shares of the company’s stock valued at $20,528,000 after buying an additional 176,529 shares during the period. Finally, Renaissance Technologies LLC bought a new position in First Foundation during the fourth quarter valued at $4,754,000. Hedge funds and other institutional investors own 29.05% of the company’s stock.
First Foundation (NASDAQ:FFWM) opened at 15.45 on Tuesday. First Foundation has a 52 week low of $10.00 and a 52 week high of $17.26. The firm’s 50-day moving average price is $15.96 and its 200-day moving average price is $14.02. The company has a market capitalization of $508.20 million, a price-to-earnings ratio of 22.07 and a beta of 0.53.
First Foundation (NASDAQ:FFWM) last posted its earnings results on Monday, February 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. First Foundation had a net margin of 17.24% and a return on equity of 8.37%. The company earned $32.60 million during the quarter, compared to analysts’ expectations of $31.28 million. On average, equities analysts expect that First Foundation will post $0.89 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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