First Foundation Inc. (NASDAQ:FFWM) Director Gerald L. Larsen sold 17,400 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $17.40, for a total transaction of $302,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Foundation Inc. (NASDAQ FFWM) traded down 0.75% during mid-day trading on Wednesday, hitting $17.12. 79,978 shares of the stock were exchanged. The stock’s 50 day moving average is $16.92 and its 200 day moving average is $16.12. The stock has a market cap of $590.01 million, a PE ratio of 18.45 and a beta of 0.65. First Foundation Inc. has a 52-week low of $11.64 and a 52-week high of $18.16.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The firm had revenue of $37.59 million for the quarter, compared to the consensus estimate of $36.38 million. First Foundation had a net margin of 20.14% and a return on equity of 10.82%. Analysts forecast that First Foundation Inc. will post $0.94 EPS for the current fiscal year.

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Several analysts have commented on the stock. Zacks Investment Research cut shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet upgraded shares of First Foundation from a “d” rating to a “c-” rating in a research note on Wednesday, July 26th. BidaskClub cut shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. FBR & Co set a $21.00 price target on shares of First Foundation and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, DA Davidson reiterated a “buy” rating and issued a $19.50 price target on shares of First Foundation in a research note on Monday, June 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.13.

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in First Foundation by 111.9% in the first quarter. Bank of New York Mellon Corp now owns 116,856 shares of the bank’s stock valued at $1,812,000 after buying an additional 61,710 shares in the last quarter. Boston Partners increased its position in First Foundation by 84.6% in the first quarter. Boston Partners now owns 1,031,110 shares of the bank’s stock valued at $15,993,000 after buying an additional 472,690 shares in the last quarter. First Trust Advisors LP increased its position in First Foundation by 93.6% in the first quarter. First Trust Advisors LP now owns 82,047 shares of the bank’s stock valued at $1,273,000 after buying an additional 39,672 shares in the last quarter. Wells Fargo & Company MN increased its position in First Foundation by 128.1% in the first quarter. Wells Fargo & Company MN now owns 81,240 shares of the bank’s stock valued at $1,260,000 after buying an additional 45,620 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in First Foundation by 100.0% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 284,074 shares of the bank’s stock valued at $4,406,000 after buying an additional 142,037 shares in the last quarter. 50.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for First Foundation (NASDAQ:FFWM)

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