First Foundation Inc (FFWM) Director Sells $101,378.55 in Stock

First Foundation Inc (NASDAQ:FFWM) Director Max Briggs sold 5,305 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $19.11, for a total value of $101,378.55. Following the transaction, the director now owns 6,415 shares in the company, valued at $122,590.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

First Foundation Inc (NASDAQ:FFWM) traded down $0.42 during midday trading on Monday, reaching $18.49. The company’s stock had a trading volume of 322,238 shares, compared to its average volume of 145,793. First Foundation Inc has a one year low of $14.36 and a one year high of $19.84. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $653.36, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.99 and a beta of 0.66.

First Foundation (NASDAQ:FFWM) last posted its earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $42.60 million for the quarter, compared to analyst estimates of $40.94 million. First Foundation had a return on equity of 10.92% and a net margin of 15.71%. analysts forecast that First Foundation Inc will post 1.36 earnings per share for the current fiscal year.

Several research firms have weighed in on FFWM. B. Riley restated a “buy” rating and set a $22.00 target price (down from $23.00) on shares of First Foundation in a report on Thursday. BidaskClub lowered First Foundation from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Piper Jaffray Companies restated a “hold” rating and set a $20.00 target price on shares of First Foundation in a report on Tuesday, January 9th. Zacks Investment Research lowered First Foundation from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, TheStreet upgraded First Foundation from a “c-” rating to a “b-” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.70.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of First Foundation in the third quarter worth about $117,000. Teton Advisors Inc. bought a new position in shares of First Foundation in the third quarter worth about $182,000. Citadel Advisors LLC bought a new position in shares of First Foundation in the third quarter worth about $221,000. OxFORD Asset Management LLP increased its stake in shares of First Foundation by 5.0% in the second quarter. OxFORD Asset Management LLP now owns 16,145 shares of the bank’s stock worth $265,000 after purchasing an additional 772 shares during the period. Finally, Creative Planning bought a new position in shares of First Foundation in the fourth quarter worth about $283,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

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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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