First Foundation Inc (NASDAQ:FFWM) Director Max Briggs sold 9,991 shares of First Foundation stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $19.01, for a total transaction of $189,928.91. Following the completion of the sale, the director now directly owns 11,101 shares in the company, valued at approximately $211,030.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Max Briggs also recently made the following trade(s):
- On Monday, March 12th, Max Briggs sold 24,695 shares of First Foundation stock. The shares were sold at an average price of $19.00, for a total transaction of $469,205.00.
- On Friday, February 2nd, Max Briggs sold 5,305 shares of First Foundation stock. The shares were 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 stock traded hands, compared to its average volume of 157,464. The stock has a market capitalization of $726.71, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.73. First Foundation Inc has a 1-year low of $14.67 and a 1-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.
Several analysts have recently weighed in on the stock. BidaskClub raised shares of First Foundation from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of First Foundation from a “sell” rating to a “hold” rating in a report on Friday. TheStreet downgraded shares of First Foundation from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $20.00 target price on shares of First Foundation in a report on Tuesday, January 9th. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 target price (down previously from $23.00) on shares of First Foundation in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.70.
A number of hedge funds have recently added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC purchased a new stake in First Foundation during the fourth quarter worth about $155,000. Two Sigma Investments LP boosted its holdings in First Foundation by 37.7% during the fourth quarter. Two Sigma Investments LP now owns 92,724 shares of the bank’s stock worth $1,719,000 after buying an additional 25,381 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in First Foundation by 63.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,059 shares of the bank’s stock worth $1,818,000 after buying an additional 38,235 shares in the last quarter. Deutsche Bank AG boosted its holdings in First Foundation by 2.7% during the fourth quarter. Deutsche Bank AG now owns 837,316 shares of the bank’s stock worth $15,521,000 after buying an additional 21,752 shares in the last quarter. Finally, Basswood Capital Management L.L.C. boosted its holdings in First Foundation by 6.0% during the fourth quarter. Basswood Capital Management L.L.C. now owns 2,072,115 shares of the bank’s stock worth $38,417,000 after buying an additional 118,108 shares in the last quarter. 54.15% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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