First Foundation (FFWM) Receives $20.63 Average PT from Analysts

First Foundation (NASDAQ:FFWM) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.63.

A number of equities research analysts recently weighed in on FFWM shares. BidaskClub upgraded shares of First Foundation from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 24th. Zacks Investment Research lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. TheStreet upgraded shares of First Foundation from a “c+” rating to a “b” rating in a report on Monday, March 19th. Sandler O’Neill reiterated a “buy” rating on shares of First Foundation in a report on Thursday, March 29th. Finally, Piper Jaffray reiterated a “hold” rating and set a $20.00 price objective on shares of First Foundation in a report on Tuesday, January 9th.

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In other news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $18.66, for a total value of $186,600.00. Following the completion of the sale, the chairman now owns 20,000 shares in the company, valued at approximately $373,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Warren D. Fix sold 16,254 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $18.38, for a total transaction of $298,748.52. Following the completion of the sale, the director now owns 73,234 shares of the company’s stock, valued at approximately $1,346,040.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,791 shares of company stock valued at $2,304,202. Company insiders own 18.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised 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 valued at $362,000 after purchasing an additional 1,165 shares in the last quarter. Cadence Capital Management LLC raised 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 valued at $1,734,000 after purchasing an additional 4,661 shares in the last quarter. Swiss National Bank raised 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 valued at $964,000 after purchasing an additional 5,500 shares in the last quarter. First Trust Advisors LP raised 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 valued at $1,339,000 after purchasing an additional 5,700 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of First Foundation in the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 53.06% of the company’s stock.

FFWM traded down $0.50 on Friday, reaching $18.39. 62,019 shares of the company traded hands, compared to its average volume of 144,409. First Foundation has a one year low of $15.06 and a one year high of $19.84. The firm has a market capitalization of $736.54, a price-to-earnings ratio of 18.96, a PEG ratio of 2.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.13 and a quick ratio of 1.09.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. First Foundation had a net margin of 15.71% and a return on equity of 10.28%. The company had revenue of $42.60 million during the quarter, compared to analyst estimates of $40.94 million. equities analysts anticipate that First Foundation will post 1.27 earnings per share for the current fiscal year.

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First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

Analyst Recommendations for First Foundation (NASDAQ:FFWM)

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