First Foundation Inc. (FFWM) Chairman Sells $121,350.00 in Stock
First Foundation Inc. (NASDAQ:FFWM) Chairman Ulrich E. Keller, Jr. sold 5,000 shares of First Foundation stock in a transaction on Friday, September 30th. The shares were sold at an average price of $24.27, for a total value of $121,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of First Foundation Inc. (NASDAQ:FFWM) opened at 24.67 on Friday. The company has a 50 day moving average price of $24.64 and a 200 day moving average price of $22.92. The stock has a market cap of $400.15 million, a P/E ratio of 25.86 and a beta of 0.41. First Foundation Inc. 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. Analysts anticipate that First Foundation Inc. will post $1.38 earnings per share for the current fiscal year.
A number of equities research analysts have commented on FFWM shares. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of First Foundation in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded First Foundation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, FBR & Co started coverage on First Foundation in a research report on Friday, July 1st. They issued an “outperform” rating and a $26.00 target price on the stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. bought a new position in First Foundation during the second quarter valued at about $163,000. Dimensional Fund Advisors LP bought a new position in First Foundation during the second quarter valued at about $226,000. Rhumbline Advisers bought a new position in First Foundation during the second quarter valued at about $238,000. Nationwide Fund Advisors boosted its position in 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 in the last quarter. Finally, Summit Securities Group LLC bought a new position in First Foundation during the second quarter valued at about $308,000. 56.09% of the stock is currently owned by institutional investors.
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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