Somewhat Favorable Press Coverage Somewhat Unlikely to Impact First Foundation (FFWM) Stock Price

Press coverage about First Foundation (NASDAQ:FFWM) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Foundation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.4122023619051 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of brokerages have recently issued reports on FFWM. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price objective on shares of First Foundation in a research note on Tuesday, January 9th. TheStreet upgraded First Foundation from a “c-” rating to a “b-” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded First Foundation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, October 27th. Finally, ValuEngine cut First Foundation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. First Foundation has a consensus rating of “Hold” and an average target price of $20.38.

Shares of First Foundation (NASDAQ:FFWM) opened at $19.42 on Monday. First Foundation has a 12 month low of $13.73 and a 12 month high of $19.84. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $741.99, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.05 and a beta of 0.66.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. First Foundation had a return on equity of 10.32% and a net margin of 19.62%. The business had revenue of $38.30 million for the quarter, compared to analysts’ expectations of $38.83 million. equities analysts expect that First Foundation will post 0.97 earnings per share for the current year.

In related news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $18.40, for a total value of $184,000.00. Following the sale, the chairman now owns 20,000 shares in the company, valued at approximately $368,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.50% of the stock is currently owned by corporate insiders.

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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.

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

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