John Hakopian Sells 10,800 Shares of First Foundation Inc (FFWM) Stock
First Foundation Inc (NASDAQ:FFWM) insider John Hakopian sold 10,800 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $18.78, for a total value of $202,824.00. Following the sale, the insider now directly owns 33,200 shares of the company’s stock, valued at approximately $623,496. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
First Foundation Inc (NASDAQ:FFWM) opened at $19.02 on Friday. The firm has a market capitalization of $726.72, a PE ratio of 19.41, a PEG ratio of 2.14 and a beta of 0.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 1.02. First Foundation Inc has a one year low of $14.67 and a one year high of $19.84.
First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $42.60 million during the quarter, compared to analyst estimates of $40.94 million. First Foundation had a return on equity of 10.92% and a net margin of 15.71%. research analysts forecast that First Foundation Inc will post 1.27 EPS for the current year.
FFWM has been the subject of several recent research reports. Zacks Investment Research lowered First Foundation from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $20.00 price objective on shares of First Foundation in a research note on Tuesday, January 9th. BidaskClub lowered First Foundation from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (down previously from $23.00) on shares of First Foundation in a research note on Thursday, February 1st. Finally, TheStreet lowered First Foundation from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. First Foundation has an average rating of “Buy” and a consensus price target of $20.70.
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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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