Ulrich E. Keller, Jr. Sells 30,000 Shares of First Foundation Inc (FFWM) Stock

First Foundation Inc (NASDAQ:FFWM) Chairman Ulrich E. Keller, Jr. sold 30,000 shares of First Foundation stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $16.39, for a total transaction of $491,700.00. Following the completion of the transaction, the chairman now directly owns 20,000 shares of the company’s stock, valued at $327,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ:FFWM opened at $16.20 on Friday. The firm has a market capitalization of $721.01 million, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.13 and a quick ratio of 1.00. First Foundation Inc has a 52 week low of $14.00 and a 52 week high of $20.43.

First Foundation (NASDAQ:FFWM) last released its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The firm had revenue of $54.83 million during the quarter, compared to analyst estimates of $49.89 million. First Foundation had a net margin of 13.75% and a return on equity of 10.12%. As a group, research analysts expect that First Foundation Inc will post 1.08 EPS for the current fiscal year.

A number of brokerages have commented on FFWM. TheStreet raised shares of First Foundation from a “c+” rating to a “b-” rating in a research note on Thursday, November 1st. BidaskClub raised shares of First Foundation from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine raised shares of First Foundation from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of First Foundation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, B. Riley set a $19.00 price objective on shares of First Foundation and gave the stock a “buy” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.90.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of First Foundation by 0.6% in the 3rd quarter. FMR LLC now owns 3,991,293 shares of the bank’s stock worth $62,344,000 after acquiring an additional 22,879 shares during the last quarter. American International Group Inc. lifted its holdings in shares of First Foundation by 15.7% in the 3rd quarter. American International Group Inc. now owns 25,275 shares of the bank’s stock worth $395,000 after acquiring an additional 3,428 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of First Foundation by 24.9% in the 3rd quarter. BlackRock Inc. now owns 2,466,189 shares of the bank’s stock worth $38,523,000 after acquiring an additional 491,421 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of First Foundation by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 173,955 shares of the bank’s stock worth $2,717,000 after acquiring an additional 8,885 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of First Foundation in the 3rd quarter worth about $248,000. Hedge funds and other institutional investors own 55.65% of the company’s stock.

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About First Foundation

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.

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