Can analysts adopt a bullish outlook for First Foundation Inc. (NASDAQ:FFWM)?

January 23, 2018 - By Hazel Jackson

 Can analysts adopt a bullish outlook for First Foundation Inc. (NASDAQ:FFWM)?
Investors sentiment increased to 3.13 in 2017 Q3. Its up 1.61, from 1.52 in 2017Q2. It improved, as 0 investors sold First Foundation Inc. shares while 16 reduced holdings. 13 funds opened positions while 37 raised stakes. 37.09 million shares or 113.88% more from 17.34 million shares in 2017Q2 were reported.
10,000 are owned by Second Curve Ltd Liability Company. Chesley Taft And Associates Llc holds 46,800 shares or 0.07% of its portfolio. American Money Mgmt Lc accumulated 14,968 shares. 687,828 are owned by Rmb Cap Management. Legal And General Grp Public Limited accumulated 8,298 shares. Millennium Management Ltd, New York-based fund reported 195,343 shares. 12,363 are held by Citadel Advisors Llc. Stifel Fincl holds 0.01% or 90,000 shares in its portfolio. Ny State Common Retirement Fund holds 0% or 27,000 shares. Clarivest Asset Llc, a California-based fund reported 16,406 shares. Schwab Charles Invest Mgmt owns 112,765 shares. Moreover, Mendon Cap Advsr has 2.17% invested in First Foundation Inc. (NASDAQ:FFWM). Deutsche Bancorporation Ag, Germany-based fund reported 815,564 shares. Swiss Bank has 0% invested in First Foundation Inc. (NASDAQ:FFWM) for 46,500 shares. Northpointe Cap Ltd Llc accumulated 357,861 shares or 0.68% of the stock.

Since August 10, 2017, it had 0 insider purchases, and 12 sales for $2.18 million activity. On Monday, September 11 the insider HAKOPIAN JOHN sold $164,800. LARSEN GERALD L. had sold 17,400 shares worth $302,760. The insider MICHEL JOHN sold $174,720.

First Foundation Inc. (NASDAQ:FFWM) Ratings Coverage

Among 3 analysts covering First Foundation (NASDAQ:FFWM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. First Foundation had 10 analyst reports since October 23, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Monday, July 17 report. On Thursday, June 22 the stock rating was upgraded by FBR Capital to “Outperform”. The stock has “Outperform” rating by FBR Capital on Friday, July 1. The stock of First Foundation Inc. (NASDAQ:FFWM) has “Outperform” rating given on Friday, July 29 by FBR Capital. The rating was maintained by FBR Capital on Tuesday, December 19 with “Buy”. FBR Capital downgraded First Foundation Inc. (NASDAQ:FFWM) on Tuesday, December 20 to “Mkt Perform” rating. The firm has “Outperform” rating given on Friday, October 28 by FBR Capital. Below is a list of First Foundation Inc. (NASDAQ:FFWM) latest ratings and price target changes.

19/12/2017 Broker: FBR Capital Rating: Buy New Target: $21.0 Maintain

The stock decreased 0.31% or $0.06 during the last trading session, reaching $19.19. About 13,435 shares traded. First Foundation Inc. (NASDAQ:FFWM) has risen 43.47% since January 23, 2017 and is uptrending. It has outperformed by 26.77% the S&P500.

First Foundation Inc., through its subsidiaries, provides personalized financial services to individuals, businesses, and other organizations in the United States. The company has market cap of $733.21 million. It operates in two divisions, Banking; and Investment Management and Wealth Planning. It has a 20.63 P/E ratio. The firm 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.

Another recent and important First Foundation Inc. (NASDAQ:FFWM) news was published by Businesswire.com which published an article titled: “First Foundation Bank Supports Commercial Growth With Addition of Digital …” on January 16, 2018.

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