Stock of The Day: What’s in First Foundation Inc After Achieving 52-Week High?

Stock of The Day: What's in First Foundation Inc After Achieving 52 Week High?

The stock of First Foundation Inc (NASDAQ:FFWM) hit a new 52-week high and has $52.01 target or 92.00% above today’s $27.09 share price. The 9 months bullish chart indicates low risk for the $464.92M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $52.01 price target is reached, the company will be worth $427.73 million 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. About 37,638 shares traded hands. First Foundation Inc (NASDAQ:FFWM) has risen 21.74% since April 15, 2016 and is uptrending. It has outperformed by 17.11% 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 2016 Q2. 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.
Moreover, Northpointe Cap has 0.35% invested in First Foundation Inc (NASDAQ:FFWM) for 136,152 shares. Hutchin Hill Capital Lp owns 150,000 shares or 0.11% of their US portfolio. Victory Cap holds 30,215 shares or 0% of its portfolio. Stifel Finance has invested 0% of its portfolio in First Foundation Inc (NASDAQ:FFWM). Fmr Ltd holds 0% of its portfolio in First Foundation Inc (NASDAQ:FFWM) for 470,665 shares. Aristotle Boston Lc reported 121,576 shares or 0.59% of all its holdings. Geode Capital Mngmt Limited Liability holds 0% of its portfolio in First Foundation Inc (NASDAQ:FFWM) for 87,972 shares. Ig Invest Management Limited reported 28,542 shares or 0% of all its holdings. Royal National Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Summit Securities Grp Lc accumulated 14,305 shares or 0.16% of the stock. Tiaa Cref Limited Liability Co accumulated 46,028 shares or 0% of the stock. Blackrock owns 2,206 shares or 0% of their US portfolio. Citigroup holds 1,319 shares or 0% of its portfolio. American Money Mngmt Lc accumulated 10,105 shares or 0.18% of the stock. Barclays Public Limited has 0% invested in the company for 8,195 shares.

Insider Transactions: Since June 1, 2016, the stock had 1 insider purchase, and 8 selling transactions for $1.27 million net activity. MICHEL JOHN bought $32,115 worth of First Foundation Inc (NASDAQ:FFWM) on Tuesday, June 14. $121,350 worth of shares were sold by KELLER ULRICH E. JR on Friday, September 30. 5,000 First Foundation Inc (NASDAQ:FFWM) shares with value of $112,050 were sold by COLLINS VICTORIA.

More news for First Foundation Inc (NASDAQ:FFWM) were recently published by: Businesswire.com, which released: “First Foundation to Attend FBR 23rd Annual Investor Conference” on November 10, 2016. Businesswire.com‘s article titled: “First Foundation’s Scott Kavanaugh and Doug Freeman Named Among Orange County …” and published on November 14, 2016 is yet another important article.

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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