First Foundation (NASDAQ:FFWM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “First Foundation Inc. engages in providing integrated investment management, wealth planning, consulting, trust and banking services. It operates in two segments, Banking and Wealth Management. The company offers a range of bank deposit products; loan products; specialized services comprising trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services. It offers investment portfolio management and financial planning services; advisory and coordination services and wealth management services. First Foundation Inc. is headquartered in Irvine, California. “

Other equities research analysts also recently issued research reports about the company. TheStreet raised First Foundation from a “c-” rating to a “b-” rating in a report on Tuesday, October 31st. ValuEngine downgraded First Foundation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.88.

First Foundation (NASDAQ FFWM) traded up $0.20 during midday trading on Monday, hitting $19.15. The stock had a trading volume of 107,733 shares, compared to its average volume of 82,853. The firm has a market cap of $675.03, a P/E ratio of 20.60, a PEG ratio of 2.83 and a beta of 0.66. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.24. First Foundation has a 12 month low of $13.64 and a 12 month high of $19.84.

First Foundation (NASDAQ:FFWM) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $38.30 million during the quarter, compared to the consensus estimate of $38.83 million. First Foundation had a return on equity of 10.32% and a net margin of 19.62%. equities analysts predict that First Foundation will post 0.96 EPS for the current fiscal year.

In other First Foundation news, insider John Hakopian sold 10,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.48, for a total transaction of $164,800.00. Following the completion of the sale, the insider now owns 33,200 shares of the company’s stock, valued at approximately $547,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Michel sold 10,400 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.80, for a total value of $174,720.00. Following the sale, the chief financial officer now directly owns 83,691 shares of the company’s stock, valued at approximately $1,406,008.80. The disclosure for this sale can be found here. Insiders have sold a total of 95,845 shares of company stock valued at $1,588,747 in the last ninety days. Insiders own 18.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in First Foundation during the 3rd quarter worth $117,000. JPMorgan Chase & Co. bought a new position in First Foundation during the 1st quarter worth $167,000. Legal & General Group Plc increased its position in First Foundation by 101.4% during the 1st quarter. Legal & General Group Plc now owns 8,166 shares of the bank’s stock worth $127,000 after buying an additional 4,112 shares during the period. Bank of Montreal Can bought a new position in First Foundation during the 1st quarter worth $138,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in First Foundation during the 4th quarter worth $277,000. Hedge funds and other institutional investors own 50.95% of the company’s stock.

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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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