First Foundation Inc (NASDAQ:FFWM) Director Max Briggs sold 24,695 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $19.00, for a total transaction of $469,205.00. Following the completion of the sale, the director now directly owns 11,101 shares in the company, valued at $210,919. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Max Briggs also recently made the following trade(s):
- On Friday, March 9th, Max Briggs sold 9,991 shares of First Foundation stock. The stock was sold at an average price of $19.01, for a total transaction of $189,928.91.
- On Friday, February 2nd, Max Briggs sold 5,305 shares of First Foundation stock. The stock was sold at an average price of $19.11, for a total transaction of $101,378.55.
Shares of First Foundation Inc (NASDAQ:FFWM) traded up $0.17 during trading hours on Monday, hitting $19.19. 159,783 shares of the company’s stock were exchanged, compared to its average volume of 157,464. The firm has a market capitalization of $726.71, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.14 and a beta of 0.73. First Foundation Inc has a 52 week low of $14.67 and a 52 week high of $19.84. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.24.
Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of First Foundation by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,079 shares of the bank’s stock worth $362,000 after acquiring an additional 1,165 shares during the period. Voya Investment Management LLC increased its holdings in shares of First Foundation by 9.0% in the 2nd quarter. Voya Investment Management LLC now owns 21,231 shares of the bank’s stock worth $349,000 after acquiring an additional 1,749 shares during the period. Cadence Capital Management LLC increased its holdings in shares of First Foundation by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 96,925 shares of the bank’s stock worth $1,734,000 after acquiring an additional 4,661 shares during the period. Swiss National Bank increased its holdings in shares of First Foundation by 11.8% in the 4th quarter. Swiss National Bank now owns 52,000 shares of the bank’s stock worth $964,000 after acquiring an additional 5,500 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of First Foundation by 8.6% in the 4th quarter. First Trust Advisors LP now owns 72,230 shares of the bank’s stock worth $1,339,000 after acquiring an additional 5,700 shares during the period. 54.15% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on FFWM. B. Riley reissued a “buy” rating and set a $22.00 target price (down from $23.00) on shares of First Foundation in a report on Thursday, February 1st. Zacks Investment Research cut shares of First Foundation from a “buy” rating to a “hold” rating in a report on Monday, December 4th. BidaskClub cut shares of First Foundation from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 target price on shares of First Foundation in a report on Tuesday, January 9th. Finally, TheStreet cut shares of First Foundation from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Foundation has an average rating of “Buy” and an average target price of $20.70.
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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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