First Foundation Inc. (NASDAQ:FFWM) CFO John Michel bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was acquired at an average cost of $10.00 per share, with a total value of $140,000.00. Following the completion of the acquisition, the chief financial officer now owns 33,255 shares of the company’s stock, valued at approximately $332,550. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Foundation Inc. (NASDAQ:FFWM) opened at 28.75 on Wednesday. The stock has a market capitalization of $469.40 million, a price-to-earnings ratio of 21.81 and a beta of 0.41. The firm’s 50-day moving average is $25.09 and its 200 day moving average is $23.66. First Foundation Inc. has a 1-year low of $20.00 and a 1-year high of $28.95.

First Foundation (NASDAQ:FFWM) last announced its earnings results on Thursday, October 27th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The business earned $38.20 million during the quarter, compared to the consensus estimate of $19.84 million. First Foundation had a return on equity of 7.23% and a net margin of 16.67%. Equities analysts anticipate that First Foundation Inc. will post $1.27 EPS for the current fiscal year.

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

A number of research analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of First Foundation in a report on Tuesday, August 23rd. FBR & Co lifted their price objective on shares of First Foundation from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Finally, Zacks Investment Research raised shares of First Foundation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 31st.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of First Foundation during the third quarter valued at $104,000. BlackRock Advisors LLC increased its position in shares of First Foundation by 41.3% in the third quarter. BlackRock Advisors LLC now owns 5,473 shares of the company’s stock valued at $135,000 after buying an additional 1,599 shares during the last quarter. American International Group Inc. acquired a new position in shares of First Foundation during the second quarter valued at $163,000. Dimensional Fund Advisors LP acquired a new position in shares of First Foundation during the second quarter valued at $226,000. Finally, Rhumbline Advisers acquired a new position in shares of First Foundation during the second quarter valued at $238,000. 59.34% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “John Michel Acquires 14,000 Shares of First Foundation Inc. (FFWM) Stock” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2016/11/23/john-michel-acquires-14000-shares-of-first-foundation-inc-ffwm-stock.html.

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.

5 Day Chart for NASDAQ:FFWM

Receive News & Stock Ratings for First Foundation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation Inc. and related stocks with our FREE daily email newsletter.