First Foundation Inc (FFWM) Receives $20.88 Consensus Target Price from Brokerages
First Foundation Inc (NASDAQ:FFWM) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.88.
A number of research firms recently issued reports on FFWM. BidaskClub lowered First Foundation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. TheStreet downgraded First Foundation from a “b” rating to a “c+” rating in a research note on Friday, August 10th. Zacks Investment Research raised First Foundation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Finally, DA Davidson lifted their target price on First Foundation from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 11th.
In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of First Foundation stock in a transaction on Monday, June 4th. The stock was sold at an average price of $19.61, for a total transaction of $196,100.00. Following the sale, the chairman now owns 20,000 shares of the company’s stock, valued at approximately $392,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James G. Brakke bought 5,500 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were acquired at an average cost of $15.92 per share, for a total transaction of $87,560.00. The disclosure for this purchase can be found here. 14.30% of the stock is owned by insiders.
NASDAQ:FFWM opened at $16.08 on Tuesday. First Foundation has a 12-month low of $14.95 and a 12-month high of $20.43. The company has a market cap of $709.91 million, a P/E ratio of 15.52, a P/E/G ratio of 2.23 and a beta of 0.59. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 1.53.
First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Monday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). First Foundation had a net margin of 12.87% and a return on equity of 9.51%. The company had revenue of $43.24 million for the quarter, compared to analyst estimates of $45.38 million. equities analysts expect that First Foundation will post 1.03 EPS for the current fiscal year.
About First Foundation
First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.
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