First Foundation Inc. (NASDAQ:FFWM) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other research firms also recently weighed in on FFWM. FBR & Co raised shares of First Foundation from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $18.00 to $21.00 in a research report on Thursday, June 22nd. DA Davidson reiterated a “buy” rating and issued a $19.50 price target on shares of First Foundation in a research note on Monday, June 19th. Zacks Investment Research raised shares of First Foundation from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, June 29th. TheStreet raised shares of First Foundation from a “d” rating to a “c-” rating in a research report on Wednesday, July 26th. Finally, BidaskClub lowered shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.13.

First Foundation (NASDAQ:FFWM) traded up 1.12% during midday trading on Monday, hitting $18.09. 90,963 shares of the stock traded hands. 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 $17.00 and its 200-day moving average price is $16.37. The stock has a market capitalization of $623.45 million, a P/E ratio of 19.45 and a beta of 0.67.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The business had revenue of $37.59 million during the quarter, compared to the consensus estimate of $36.38 million. First Foundation had a return on equity of 10.82% and a net margin of 20.14%. Equities research analysts expect that First Foundation will post $0.93 EPS for the current fiscal year.

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In other First Foundation news, CFO John Michel sold 10,400 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.80, for a total transaction of $174,720.00. Following the completion of the sale, the chief financial officer now directly owns 83,691 shares in the company, valued at approximately $1,406,008.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Ulrich E. Keller, Jr. sold 16,245 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.60, for a total transaction of $269,667.00. Following the sale, the chairman now owns 20,000 shares of the company’s stock, valued at $332,000. The disclosure for this sale can be found here. Insiders have sold 163,600 shares of company stock valued at $2,755,022 in the last quarter. 18.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its holdings in shares of First Foundation by 101.4% during the first quarter. Legal & General Group Plc now owns 8,166 shares of the bank’s stock valued at $127,000 after buying an additional 4,112 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of First Foundation during the first quarter valued at approximately $138,000. Alliancebernstein L.P. bought a new stake in shares of First Foundation during the first quarter valued at approximately $192,000. Hollencrest Securities LLC bought a new stake in shares of First Foundation during the second quarter valued at approximately $207,000. Finally, Citadel Advisors LLC increased its position in shares of First Foundation by 3.7% during the first quarter. Citadel Advisors LLC now owns 13,975 shares of the bank’s stock valued at $217,000 after acquiring an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 52.33% of the company’s stock.

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.

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