Today, a Director at First Foundation (NASDAQ: FFWM), BRAKKE JAMES, bought shares of FFWM for $22.5K.
Following this transaction BRAKKE JAMES G’s holding in the company was increased by 2.33% to a total of $2.02 million.
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Based on First Foundation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $55.59 million and quarterly net profit of $5.15 million. In comparison, last year the company earned revenue of $43.35 million and had a net profit of $9.62 million. FFWM’s market cap is $680.6M and the company has a P/E ratio of 22.54. Currently, First Foundation has an average volume of 175.5K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.33, reflecting a -20.5% downside. Four different firms, including B.Riley FBR and D.A. Davidson, currently also have a Buy rating on the stock.
The insider sentiment on First Foundation has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
BRAKKE JAMES G’s trades have generated a 8.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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First Foundation, Inc. is a financial services company, which engages in the provision of comprehensive platform of personalized financial services to individuals, businesses, and organizations. It operates through the following segments: Banking, Wealth Management, and Other.
