First Foundation Inc (FFWM) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of First Foundation Inc (NASDAQ:FFWM) by 8.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,230 shares of the bank’s stock after buying an additional 5,700 shares during the period. First Trust Advisors LP owned about 0.19% of First Foundation worth $1,339,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FFWM. Dimensional Fund Advisors LP raised its holdings in shares of First Foundation by 21.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 442,734 shares of the bank’s stock worth $7,921,000 after buying an additional 78,969 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of First Foundation by 120.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 112,765 shares of the bank’s stock worth $2,018,000 after buying an additional 61,565 shares in the last quarter. State Street Corp raised its holdings in shares of First Foundation by 13.8% during the 2nd quarter. State Street Corp now owns 457,699 shares of the bank’s stock worth $7,520,000 after buying an additional 55,468 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Foundation by 76.3% during the 3rd quarter. Wells Fargo & Company MN now owns 126,142 shares of the bank’s stock worth $2,257,000 after buying an additional 54,588 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of First Foundation by 12.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 410,054 shares of the bank’s stock worth $7,335,000 after buying an additional 46,927 shares in the last quarter. 54.15% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of equities analysts have recently commented on FFWM shares. Zacks Investment Research cut First Foundation from a “buy” rating to a “hold” rating in a report on Monday, December 4th. B. Riley reissued a “buy” rating and set a $22.00 price target (down previously from $23.00) on shares of First Foundation in a report on Thursday, February 1st. BidaskClub raised First Foundation from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 price target on shares of First Foundation in a report on Tuesday, January 9th. Finally, TheStreet cut 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, three have given a buy rating and one has issued a strong buy rating to the stock. First Foundation presently has an average rating of “Buy” and a consensus target price of $20.70.

In related news, Director Max Briggs sold 5,305 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $19.11, for a total transaction of $101,378.55. Following the sale, the director now owns 6,415 shares in the company, valued at approximately $122,590.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Hakopian sold 10,800 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $18.78, for a total value of $202,824.00. Following the sale, the insider now owns 33,200 shares in the company, valued at approximately $623,496. The disclosure for this sale can be found here. Insiders have sold a total of 123,791 shares of company stock worth $2,305,802 in the last 90 days. 18.50% of the stock is currently owned by corporate insiders.

Shares of First Foundation stock opened at $18.13 on Friday. The firm has a market capitalization of $706.91, a price-to-earnings ratio of 18.50, a P/E/G ratio of 2.01 and a beta of 0.73. First Foundation Inc has a 52-week low of $14.90 and a 52-week high of $19.84. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.72.

First Foundation (NASDAQ:FFWM) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business 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 10.28% and a net margin of 15.71%. analysts forecast that First Foundation Inc will post 1.27 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “First Foundation Inc (FFWM) Shares Bought by First Trust Advisors LP” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3298692/first-foundation-inc-ffwm-shares-bought-by-first-trust-advisors-lp.html.

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.

Want to see what other hedge funds are holding FFWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Foundation Inc (NASDAQ:FFWM).

Institutional Ownership by Quarter for First Foundation (NASDAQ:FFWM)

Receive News & Ratings for First Foundation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

XYLO 24-Hour Volume Tops $0.00
XYLO 24-Hour Volume Tops $0.00
Financial Survey: Boot Barn  & Foot Locker
Financial Survey: Boot Barn & Foot Locker
Yelp  versus Weight Watchers  Head-To-Head Contrast
Yelp versus Weight Watchers Head-To-Head Contrast
Reviewing Zynex  & Its Competitors
Reviewing Zynex & Its Competitors
Animecoin Price Reaches $0.0111 on Exchanges
Animecoin Price Reaches $0.0111 on Exchanges
Elcoin   Trading 13% Lower  Over Last 7 Days
Elcoin Trading 13% Lower Over Last 7 Days


© 2006-2018 Ticker Report. Google+.