Max Briggs Sells 24,695 Shares of First Foundation (NASDAQ:FFWM) Stock

First Foundation (NASDAQ:FFWM) Director Max Briggs sold 24,695 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.00, for a total value of $469,205.00. Following the transaction, the director now owns 11,101 shares of the company’s stock, valued at approximately $210,919. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Max Briggs also recently made the following trade(s):

  • On Friday, March 9th, Max Briggs sold 9,991 shares of First Foundation stock. The shares were sold at an average price of $19.01, for a total value of $189,928.91.
  • 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 value of $101,378.55.

Shares of First Foundation stock opened at $18.39 on Friday. First Foundation has a 1-year low of $15.06 and a 1-year high of $19.84. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.09 and a current ratio of 1.13. The firm has a market cap of $727.57, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.70.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. First Foundation had a return on equity of 10.28% and a net margin of 15.71%. The company had revenue of $42.60 million for the quarter, compared to the consensus estimate of $40.94 million. research analysts forecast that First Foundation will post 1.27 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. TCW Group Inc. bought a new stake in shares of First Foundation in the 4th quarter worth $840,000. John W. Rosenthal Capital Management Inc. raised its stake in shares of First Foundation by 7.3% in the 3rd quarter. John W. Rosenthal Capital Management Inc. now owns 150,000 shares of the bank’s stock worth $2,684,000 after buying an additional 10,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of First Foundation by 13.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 127,610 shares of the bank’s stock worth $2,366,000 after buying an additional 14,845 shares in the last quarter. Boston Partners raised its stake in shares of First Foundation by 5.9% in the 3rd quarter. Boston Partners now owns 942,860 shares of the bank’s stock worth $16,867,000 after buying an additional 52,830 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of First Foundation in the 4th quarter worth $210,000. 53.06% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the company. Zacks Investment Research raised First Foundation from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. B. Riley reaffirmed a “buy” rating and set a $22.00 target price (down previously from $23.00) on shares of First Foundation in a research note on Thursday, February 1st. TheStreet raised First Foundation from a “c+” rating to a “b” rating in a research note on Monday, March 19th. BidaskClub downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $20.00 target price on shares of First Foundation in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. First Foundation has an average rating of “Buy” and an average target price of $20.70.

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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.

Insider Buying and Selling by Quarter for First Foundation (NASDAQ:FFWM)

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