First Foundation (FFWM) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about First Foundation (NASDAQ:FFWM) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Foundation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.7591351816045 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- First Foundation, Inc. breached its 50 day moving average in a Bearish Manner : FFWM-US : August 29, 2017 (finance.yahoo.com)
- Insider Trading Activity First Foundation Inc. (NASDAQ:FFWM) – Chairman Sold 1,099 shares of Stock (4-traders.com)
- Ulrich E. Keller, Jr. Sells 1,099 Shares of First Foundation Inc. (FFWM) Stock (americanbankingnews.com)
- First Foundation Inc. (FFWM) Expected to Announce Quarterly Sales of $38.83 Million (americanbankingnews.com)
- Canadian Health Inc – Best Price On Cialis In Usa (appmaniaci.com)
Several equities analysts have issued reports on FFWM shares. Zacks Investment Research lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Piper Jaffray Companies started coverage on First Foundation in a research note on Friday, May 12th. They issued a “neutral” rating and a $18.00 price target on the stock. FBR & Co raised First Foundation from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $21.00 in a research note on Thursday, June 22nd. TheStreet raised First Foundation from a “d” rating to a “c-” rating in a research note on Wednesday, July 26th. Finally, ValuEngine raised First Foundation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.13.
Shares of First Foundation (NASDAQ:FFWM) traded up 1.74% during trading on Thursday, reaching $16.94. The company’s stock had a trading volume of 30,535 shares. The stock has a market cap of $583.80 million, a price-to-earnings ratio of 18.25 and a beta of 0.65. First Foundation has a 52-week low of $11.64 and a 52-week high of $18.16. The stock’s 50 day moving average price is $16.95 and its 200-day moving average price is $16.21.
First Foundation (NASDAQ:FFWM) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. First Foundation had a return on equity of 10.82% and a net margin of 20.14%. The company had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $36.38 million. Equities analysts anticipate that First Foundation will post $0.94 EPS for the current year.
In related news, Chairman Ulrich E. Keller, Jr. sold 13,600 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $17.12, for a total value of $232,832.00. Following the transaction, the chairman now owns 20,000 shares of the company’s stock, valued at $342,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $16.38, for a total value of $163,800.00. Following the completion of the transaction, the chairman now directly owns 20,000 shares in the company, valued at approximately $327,600. The disclosure for this sale can be found here. In the last three months, insiders sold 63,021 shares of company stock worth $1,079,597. 18.50% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: “First Foundation (FFWM) Earning Somewhat Favorable News Coverage, Study Shows” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/31/first-foundation-ffwm-earning-somewhat-favorable-news-coverage-study-shows.html.
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 FFB.
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.