First Foundation Inc. (FFWM) Given Consensus Rating of “Hold” by Brokerages

Shares of First Foundation Inc. (NASDAQ:FFWM) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.50.

A number of research analysts recently commented on the company. ValuEngine downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet raised 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 note on Monday, July 24th. Finally, FBR & Co set a $21.00 price target on First Foundation and gave the company a “buy” rating in a research note on Monday, July 17th.

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 16,245 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.60, for a total transaction of $269,667.00. Following the completion of the transaction, the chairman now owns 20,000 shares of the company’s stock, valued at $332,000. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $302,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,600 shares of company stock valued at $2,755,022. 18.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FFWM. Teachers Advisors LLC raised its stake in First Foundation by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 22,005 shares of the bank’s stock worth $627,000 after acquiring an additional 872 shares in the last quarter. Bank of Montreal Can acquired a new position in First Foundation during the first quarter worth about $138,000. Nationwide Fund Advisors raised its stake in First Foundation by 90.8% during the first quarter. Nationwide Fund Advisors now owns 17,943 shares of the bank’s stock worth $278,000 after acquiring an additional 8,541 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Foundation by 128.1% during the first quarter. Wells Fargo & Company MN now owns 81,240 shares of the bank’s stock worth $1,260,000 after acquiring an additional 45,620 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in First Foundation by 93.6% during the first quarter. First Trust Advisors LP now owns 82,047 shares of the bank’s stock worth $1,273,000 after acquiring an additional 39,672 shares in the last quarter. 52.33% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/07/first-foundation-inc-ffwm-given-consensus-rating-of-hold-by-brokerages.html.

First Foundation (NASDAQ:FFWM) traded up 0.72% during midday trading on Friday, hitting $18.21. 63,061 shares of the stock traded hands. The firm’s 50 day moving average is $17.13 and its 200-day moving average is $16.43. The stock has a market capitalization of $627.57 million, a PE ratio of 19.62 and a beta of 0.67. First Foundation has a 12-month low of $11.64 and a 12-month high of $18.33.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.28 EPS for t

A number of research analysts recently commented on the company. ValuEngine downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet raised 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 note on Monday, July 24th. Finally, FBR & Co set a $21.00 price target on First Foundation and gave the company a “buy” rating in a research note on Monday, July 17th.

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 16,245 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.60, for a total transaction of $269,667.00. Following the completion of the transaction, the chairman now owns 20,000 shares of the company’s stock, valued at $332,000. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $302,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,600 shares of company stock valued at $2,755,022. 18.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FFWM. Teachers Advisors LLC raised its stake in First Foundation by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 22,005 shares of the bank’s stock worth $627,000 after acquiring an additional 872 shares in the last quarter. Bank of Montreal Can acquired a new position in First Foundation during the first quarter worth about $138,000. Nationwide Fund Advisors raised its stake in First Foundation by 90.8% during the first quarter. Nationwide Fund Advisors now owns 17,943 shares of the bank’s stock worth $278,000 after acquiring an additional 8,541 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Foundation by 128.1% during the first quarter. Wells Fargo & Company MN now owns 81,240 shares of the bank’s stock worth $1,260,000 after acquiring an additional 45,620 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in First Foundation by 93.6% during the first quarter. First Trust Advisors LP now owns 82,047 shares of the bank’s stock worth $1,273,000 after acquiring an additional 39,672 shares in the last quarter. 52.33% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/07/first-foundation-inc-ffwm-given-consensus-rating-of-hold-by-brokerages.html.

First Foundation (NASDAQ:FFWM) traded up 0.72% during midday trading on Friday, hitting $18.21. 63,061 shares of the stock traded hands. The firm’s 50 day moving average is $17.13 and its 200-day moving average is $16.43. The stock has a market capitalization of $627.57 million, a PE ratio of 19.62 and a beta of 0.67. First Foundation has a 12-month low of $11.64 and a 12-month high of $18.33.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate 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%. On average, analysts anticipate that First Foundation will post $0.93 EPS for the current fiscal year.

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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