John Hakopian Sells 8,807 Shares of First Foundation Inc. (NASDAQ:FFWM) Stock

First Foundation Inc. (NASDAQ:FFWM) insider John Hakopian sold 8,807 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $25.20, for a total value of $221,936.40. Following the completion of the sale, the insider now directly owns 42,493 shares in the company, valued at approximately $1,070,823.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

John Hakopian also recently made the following trade(s):

  • On Friday, March 12th, John Hakopian sold 10,000 shares of First Foundation stock. The stock was sold at an average price of $25.25, for a total value of $252,500.00.

Shares of FFWM stock opened at $24.55 on Friday. First Foundation Inc. has a 1 year low of $12.29 and a 1 year high of $25.81. The firm has a market cap of $1.10 billion, a PE ratio of 11.75 and a beta of 1.56. The firm’s fifty day moving average price is $24.22. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 0.02.

First Foundation (NASDAQ:FFWM) last issued its quarterly earnings results on Tuesday, April 27th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. First Foundation had a return on equity of 13.72% and a net margin of 31.53%. The company had revenue of $66.14 million for the quarter, compared to analysts’ expectations of $64.21 million. As a group, sell-side analysts predict that First Foundation Inc. will post 2.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Friday, May 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, May 6th. First Foundation’s payout ratio is 19.15%.

Several hedge funds and other institutional investors have recently modified their holdings of FFWM. Captrust Financial Advisors grew its holdings in shares of First Foundation by 690.6% in the 1st quarter. Captrust Financial Advisors now owns 1,178 shares of the bank’s stock worth $28,000 after acquiring an additional 1,029 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of First Foundation in the 4th quarter worth $33,000. Dorsey Wright & Associates grew its holdings in shares of First Foundation by 134.8% in the 1st quarter. Dorsey Wright & Associates now owns 1,655 shares of the bank’s stock worth $39,000 after acquiring an additional 950 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of First Foundation in the 1st quarter worth $76,000. Finally, Royal Bank of Canada grew its holdings in shares of First Foundation by 218.2% during the first quarter. Royal Bank of Canada now owns 5,429 shares of the bank’s stock valued at $127,000 after buying an additional 3,723 shares in the last quarter. Institutional investors and hedge funds own 63.67% of the company’s stock.

Several analysts recently issued reports on the company. B. Riley raised their price target on First Foundation from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 2nd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. First Foundation presently has an average rating of “Buy” and an average price target of $24.75.

About First Foundation

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates through 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 certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits.

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