Somewhat Favorable Press Coverage Somewhat Unlikely to Impact First Foundation (FFWM) Stock Price
Media coverage about First Foundation (NASDAQ:FFWM) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Foundation earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.1594322107806 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- First Foundation Named as Orange County Business Journal’s Fastest-Growing Midsize Public Company in Orange County (finance.yahoo.com)
- First Foundation Inc. (FFWM) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Comparing First Foundation (FFWM) & The Competition (americanbankingnews.com)
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating First Foundation Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors (finance.yahoo.com)
FFWM has been the subject of a number of research reports. TheStreet upgraded First Foundation from a “d” rating to a “c-” rating in a research note on Wednesday, July 26th. BidaskClub downgraded First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. FBR & Co set a $21.00 price objective on First Foundation and gave the stock a “buy” rating in a research report on Monday, July 17th. ValuEngine downgraded First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $19.88.
Shares of First Foundation (NASDAQ:FFWM) traded down $0.38 during midday trading on Friday, hitting $18.64. The stock had a trading volume of 95,172 shares, compared to its average volume of 69,744. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $655.57, a P/E ratio of 20.26, a PEG ratio of 2.79 and a beta of 0.67. First Foundation has a fifty-two week low of $11.64 and a fifty-two week high of $19.84.
First Foundation (NASDAQ:FFWM) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $38.30 million during the quarter, compared to the consensus estimate of $38.83 million. First Foundation had a return on equity of 10.69% and a net margin of 19.62%. equities research analysts forecast that First Foundation will post 0.96 earnings per share for the current year.
In other First Foundation news, Director Gerald L. Larsen sold 17,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $17.40, for a total value of $302,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Michel sold 10,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.80, for a total value of $174,720.00. Following the completion of the sale, the chief financial officer now owns 83,691 shares of the company’s stock, valued at $1,406,008.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,600 shares of company stock valued at $2,755,022. Insiders own 18.50% of the company’s stock.
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First Foundation Company Profile
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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