Today’s Stock On Watch: Could First Foundation Inc Go Down After Touching All Time High?

Today's Stock On Watch: Could First Foundation Inc Go Down After Touching All Time High?

The stock of First Foundation Inc (NASDAQ:FFWM) reached all time high today, Nov, 14 and still has $74.55 target or 191.00% above today’s $25.62 share price. This indicates more upside for the $427.24 million company. This technical setup was reported by Barchart.com. If the $74.55 PT is reached, the company will be worth $816.03 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 105,674 shares traded hands or 158.99% up from the average. First Foundation Inc (NASDAQ:FFWM) has risen 13.77% since April 12, 2016 and is uptrending. It has outperformed by 8.79% the S&P500.

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 increased to 1.92 in Q2 2016. Its up 0.30, from 1.62 in 2016Q1. The ratio is positive, 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.
Ig Investment Mgmt Ltd owns 28,542 shares or 0% of their US portfolio. The Pennsylvania-based Nationwide Fund has invested 0% in First Foundation Inc (NASDAQ:FFWM). Fsi Group Llc last reported 118,586 shares in the company. Moreover, Mendon Capital Advsrs Corp has 1.17% invested in First Foundation Inc (NASDAQ:FFWM) for 528,144 shares. Millennium Mngmt has invested 0% of its portfolio in First Foundation Inc (NASDAQ:FFWM). Renaissance Ltd Limited Liability Company has 0% invested in the company for 31,800 shares. The Germany-based Deutsche Bankshares Ag has invested 0.01% in First Foundation Inc (NASDAQ:FFWM). Money Mngmt Limited Liability Co last reported 0.18% of its portfolio in the stock. Blackrock Fund Advisors has 0% invested in the company for 348,901 shares. Cadence Capital Mngmt Limited Com accumulated 0.07% or 41,106 shares. Dimensional Fund Advsrs Lp holds 0% of its portfolio in First Foundation Inc (NASDAQ:FFWM) for 10,533 shares. Capital Guardian Trust holds 0% or 10,000 shares in its portfolio. Stieven Cap Limited Partnership reported 176,200 shares or 1.05% of all its holdings. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 142,037 shares. The New York-based Teachers Advsrs Incorporated has invested 0% in First Foundation Inc (NASDAQ:FFWM).

Insider Transactions: Since June 1, 2016, the stock had 1 insider buy, and 8 selling transactions for $1.27 million net activity. Shares for $121,350 were sold by KELLER ULRICH E. JR on Friday, September 30. $106,250 worth of First Foundation Inc (NASDAQ:FFWM) was sold by COLLINS VICTORIA on Friday, July 1. The insider MICHEL JOHN bought $32,115.

Another recent and important First Foundation Inc (NASDAQ:FFWM) news was published by Businesswire.com which published an article titled: “First Foundation to Attend FBR 23rd Annual Investor Conference” on November 10, 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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