First Foundation Inc. (NASDAQ:FFWM) has been given an average rating of “Buy” by the seven ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.88.

FFWM has been the subject of several recent analyst reports. TheStreet raised shares of First Foundation from a “d” rating to a “c-” rating in a research note on Wednesday, July 26th. BidaskClub downgraded 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 target price on shares of First Foundation and gave the company a “buy” rating in a research note on Monday, July 17th. ValuEngine downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.

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First Foundation (NASDAQ:FFWM) last issued its earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. First Foundation had a net margin of 19.62% and a return on equity of 10.69%. The firm had revenue of $38.30 million during the quarter, compared to the consensus estimate of $38.83 million.

In other news, Chairman Ulrich E. Keller, Jr. sold 6,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.30, for a total value of $117,640.00. Following the completion of the transaction, the chairman now owns 20,000 shares in the company, valued at $346,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Ulrich E. Keller, Jr. sold 16,245 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were 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 approximately $332,000. The disclosure for this sale can be found here. Insiders sold 163,600 shares of company stock valued at $2,755,022 in the last quarter. Corporate insiders own 18.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of First Foundation by 2.4% in the second quarter. FMR LLC now owns 1,529,878 shares of the bank’s stock valued at $25,135,000 after buying an additional 36,484 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Foundation by 5.7% in the second quarter. Vanguard Group Inc. now owns 1,152,829 shares of the bank’s stock valued at $18,941,000 after buying an additional 62,230 shares during the period. Banc Funds Co. LLC boosted its holdings in shares of First Foundation by 5.3% in the second quarter. Banc Funds Co. LLC now owns 814,398 shares of the bank’s stock valued at $13,381,000 after buying an additional 41,000 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of First Foundation by 103.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 578,105 shares of the bank’s stock valued at $9,498,000 after buying an additional 294,031 shares during the period. Finally, State Street Corp boosted its holdings in shares of First Foundation by 13.8% in the second quarter. State Street Corp now owns 457,699 shares of the bank’s stock valued at $7,520,000 after buying an additional 55,468 shares during the period. Institutional investors own 52.37% of the company’s stock.

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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