Notable Reporting: Could First Foundation Inc Change Direction After Touching Record High?

Notable Reporting: Could First Foundation Inc Change Direction After Touching Record High?

The stock of First Foundation Inc (NASDAQ:FFWM) reached all time high today, Nov, 24 and still has $30.29 target or 5.00% above today’s $28.85 share price. This indicates more upside for the $483.15M company. This technical setup was reported by Barchart.com. If the $30.29 PT is reached, the company will be worth $24.16M 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. The stock increased 0.35% or $0.1 on November 23, hitting $28.85. About 27,321 shares traded hands. First Foundation Inc (NASDAQ:FFWM) has risen 28.22% since April 22, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.

Analysts await First Foundation Inc (NASDAQ:FFWM) to report earnings on February, 2. They expect $0.26 earnings per share, down 29.73% or $0.11 from last year’s $0.37 per share. FFWM’s profit will be $4.35M for 27.74 P/E if the $0.26 EPS becomes a reality. After $0.58 actual earnings per share reported by First Foundation Inc for the previous quarter, Wall Street now forecasts -55.17% negative EPS growth.

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 decreased to 1.42 in Q2 2016. Its down 0.50, from 1.92 in 2016Q1. The ratio is negative, 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.
Deutsche Bank & Trust Ag last reported 0.01% of its portfolio in the stock. Aristotle Boston Limited Co, a Massachusetts-based fund reported 121,576 shares. D E Shaw & has 0% invested in the company for 15,446 shares. Wells Fargo Mn last reported 0% of its portfolio in the stock. Banc Funds Llc last reported 238,700 shares in the company. Rmb Capital Mngmt Limited Liability accumulated 153,698 shares or 0.17% of the stock. California State Teachers Retirement reported 27,673 shares or 0% of all its holdings. Eagle Boston Inv Management Inc, a Massachusetts-based fund reported 173,257 shares. Wellington Mgmt Grp Limited Liability Partnership holds 0.01% or 1.40 million shares in its portfolio. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. The Illinois-based First Tru Advsrs L P has invested 0% in First Foundation Inc (NASDAQ:FFWM). The Massachusetts-based Geode Capital Mgmt Limited Liability has invested 0% in First Foundation Inc (NASDAQ:FFWM). Manufacturers Life Insurance The owns 235,757 shares or 0.01% of their US portfolio. Apriem Advisors accumulated 0.07% or 10,000 shares. Morgan Stanley holds 323 shares or 0% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 1 buying transaction, and 8 sales for $1.27 million net activity. KELLER ULRICH E. JR had sold 5,000 shares worth $121,350. COLLINS VICTORIA had sold 5,000 shares worth $106,250. Shares for $32,115 were bought by MICHEL JOHN on Tuesday, June 14.

Another recent and important First Foundation Inc (NASDAQ:FFWM) news was published by Businesswire.com which published an article titled: “First Foundation Announces Open Application Window for Its 2017 “Supporting …” on November 22, 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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