The stock of First Foundation Inc (NASDAQ:FFWM) hit a new 52-week high and has $30.82 target or 7.00% above today’s $28.80 share price. The 8 months bullish chart indicates low risk for the $471.87M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $30.82 price target is reached, the company will be worth $33.03M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.17% or $0.05 during the last trading session, hitting $28.8. About 10,125 shares traded hands. First Foundation Inc (NASDAQ:FFWM) has risen 28.22% since April 22, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.
Analysts await First Foundation Inc (NASDAQ:FFWM) to report earnings on February, 2. They expect $0.26 earnings per share, down 29.73% or $0.11 from last year’s $0.37 per share. FFWM’s profit will be $4.26 million for 27.69 P/E if the $0.26 EPS becomes a reality. After $0.58 actual earnings per share reported by First Foundation Inc for the previous quarter, Wall Street now forecasts -55.17% negative EPS growth.
According to Zacks Investment Research, “First Foundation Inc. engages in providing integrated investment management, wealth planning, consulting, trust and banking services. It operates in two segments, Banking and Wealth Management. The company offers a range of bank deposit products; loan products; specialized services comprising trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services. It offers investment portfolio management and financial planning services; advisory and coordination services and wealth management services. First Foundation Inc. is headquartered in Irvine, California.”
Insitutional Activity: The institutional sentiment decreased to 1.42 in 2016 Q2. Its down 0.50, from 1.92 in 2016Q1. The ratio fall, as 12 funds sold all First Foundation Inc shares owned while 13 reduced positions. 20 funds bought stakes while 28 increased positions. They now own 8.73 million shares or 9.26% more from 7.99 million shares in 2016Q1.
Citigroup accumulated 0% or 1,319 shares. Parametric Portfolio Assoc Limited Liability Com owns 56,171 shares or 0% of their US portfolio. State Common Retirement Fund holds 0% or 13,500 shares in its portfolio. Northern has 149,394 shares for 0% of their US portfolio. Dimensional Fund Advsrs Lp holds 10,533 shares or 0% of its portfolio. Geode Cap Mngmt Ltd, a Massachusetts-based fund reported 87,972 shares. Tower Rech Capital Limited Liability Company (Trc) last reported 2,114 shares in the company. Eagle Boston Investment Mngmt Inc holds 0.51% of its portfolio in First Foundation Inc (NASDAQ:FFWM) for 173,257 shares. Capital Guardian Trust Co has 0% invested in the company for 10,000 shares. First Trust Advsrs L P has 0% invested in the company for 15,887 shares. Banc Funds Limited, a Illinois-based fund reported 238,700 shares. D E Shaw & Com has 0% invested in the company for 15,446 shares. Rmb Cap Ltd Company last reported 153,698 shares in the company. Vanguard Grp holds 0% or 448,102 shares in its portfolio. Rhumbline Advisers last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 1, 2016, the stock had 1 buy, and 8 selling transactions for $1.27 million net activity. COLLINS VICTORIA also sold $106,250 worth of First Foundation Inc (NASDAQ:FFWM) shares. Shares for $121,350 were sold by KELLER ULRICH E. JR. $32,115 worth of shares were bought by MICHEL JOHN on Tuesday, June 14.
Another recent and important First Foundation Inc (NASDAQ:FFWM) news was published by Businesswire.com which published an article titled: “First Foundation Announces Open Application Window for Its 2017 â€œSupporting …” on November 22, 2016.
FFWM Company Profile
First Foundation Inc., incorporated on October 6, 2006, is a financial services holding company. The Firm provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Firm conducts its activities through its subsidiaries First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s divisions include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the activities of FFB and FFIS, and Wealth Management segment includes the activities of FFA. The Company’s integrated platform provides investment management, wealth planning, consulting, trust, banking services and products, life insurance services and property and casualty insurance services to meet the financial needs of its clients. The Firm through its lending platform offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties. In addition, the Company provides business banking services and products to small to moderate-sized businesses and professional firms, and consumer banking services and products to individuals and families who would not be considered high net-worth.
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