Somewhat Positive Media Coverage Somewhat Unlikely to Affect First Foundation (FFWM) Stock Price
Media coverage about First Foundation (NASDAQ:FFWM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Foundation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.6551319913673 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
First Foundation (NASDAQ FFWM) traded up 0.33% on Friday, hitting $18.14. 41,025 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $16.41. The stock has a market cap of $625.16 million, a PE ratio of 19.55 and a beta of 0.67. First Foundation has a one year low of $11.64 and a one year high of $18.33.
First Foundation (NASDAQ:FFWM) last announced its earnings results on Friday, July 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. First Foundation had a net margin of 20.14% and a return on equity of 10.82%. The business had revenue of $37.59 million for the quarter, compared to analyst estimates of $36.38 million. On average, equities analysts forecast that First Foundation will post $0.93 earnings per share for the current fiscal year.
Several brokerages recently weighed in on FFWM. ValuEngine downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. TheStreet raised shares of First Foundation from a “d” rating to a “c-” rating in a report on Wednesday, July 26th. BidaskClub downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, FBR & Co set a $21.00 target price on shares of First Foundation and gave the stock a “buy” rating in a report on Monday, July 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.50.
In related news, Chairman Ulrich E. Keller, Jr. sold 13,600 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $17.12, for a total transaction of $232,832.00. Following the transaction, the chairman now directly owns 20,000 shares in the company, valued at $342,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald L. Larsen sold 17,400 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.40, for a total transaction of $302,760.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,600 shares of company stock worth $2,755,022. Company insiders own 18.50% 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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