Insider Selling: First Foundation Inc. (FFWM) Chairman Sells 10,000 Shares of Stock
First Foundation Inc. (NASDAQ:FFWM) Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $19.23, for a total transaction of $192,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of First Foundation Inc. (NASDAQ:FFWM) traded down $0.07 during mid-day trading on Tuesday, hitting $19.08. 91,951 shares of the stock were exchanged, compared to its average volume of 82,892. First Foundation Inc. has a 12 month low of $13.64 and a 12 month high of $19.84. The firm has a market capitalization of $714.41, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 1.02.
First Foundation (NASDAQ:FFWM) last announced its earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. First Foundation had a net margin of 19.62% and a return on equity of 10.32%. The company had revenue of $38.30 million for the quarter, compared to analyst estimates of $38.83 million. equities research analysts anticipate that First Foundation Inc. will post 0.96 earnings per share for the current year.
A number of brokerages have recently issued reports on FFWM. TheStreet upgraded shares of First Foundation from a “c-” rating to a “b-” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of First Foundation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, October 27th. Finally, ValuEngine lowered shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.88.
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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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