News headlines about First Foundation (NASDAQ:FFWM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Foundation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.2547274599102 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- First Foundation (FFWM) Rating Increased to B at TheStreet (americanbankingnews.com)
- First Foundation Announces Departure of Board Member Gerald Larsen (finance.yahoo.com)
- First Foundation Launches Corporate Banking Offering (finance.yahoo.com)
- First Foundation (FFWM) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
Several equities analysts recently issued reports on FFWM shares. Zacks Investment Research lowered shares of First Foundation from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price objective on shares of First Foundation in a report on Tuesday, January 9th. BidaskClub lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Friday, January 26th. B. Riley reiterated a “buy” rating and set a $22.00 price objective (down previously from $23.00) on shares of First Foundation in a report on Thursday, February 1st. Finally, TheStreet lowered shares of First Foundation from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Foundation currently has a consensus rating of “Buy” and an average price target of $20.70.
First Foundation (NASDAQ:FFWM) opened at $18.97 on Friday. First Foundation has a fifty-two week low of $14.74 and a fifty-two week high of $19.84. The firm has a market cap of $753.70, a PE ratio of 24.01, a PEG ratio of 2.17 and a beta of 0.73. 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 announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. First Foundation had a net margin of 15.71% and a return on equity of 10.28%. The firm had revenue of $42.60 million for the quarter, compared to analyst estimates of $40.94 million. sell-side analysts forecast that First Foundation will post 1.27 EPS for the current fiscal year.
In related news, Director Warren D. Fix sold 16,746 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.28, for a total value of $306,116.88. Following the sale, the director now owns 73,234 shares in the company, valued at approximately $1,338,717.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Max Briggs sold 9,991 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $19.01, for a total transaction of $189,928.91. Following the completion of the sale, the director now owns 11,101 shares in the company, valued at approximately $211,030.01. The disclosure for this sale can be found here. Insiders 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 company insiders.
First Foundation Company Profile
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.
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