First Foundation Inc (FFWM) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $26. FBR Capital advised their investors in a research report released on Jul 1, 2016.
First Foundation Inc opened for trading at $20.59 and hit $21.01 on the upside on Wednesday, eventually ending the session at $20.92, with a gain of 2.20% or 0.45 points. The heightened volatility saw the trading volume jump to 39,710 shares. Company has a market cap of $337 M.
In a different news, on Jun 14, 2016, John Michel (CFO) purchased 1,500 shares at $21.41 per share price. According to the SEC, on Jun 2, 2016, Victoria Collins (director) sold 5,000 shares at $22.41 per share price. On Sep 14, 2015, James G Brakke (director) purchased 1,668 shares at $21.11 per share price, according to the Form-4 filing with the securities and exchange commission.
First Foundation Inc. is a financial services and bank holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families family businesses and other affiliated organizations. It conducts its operations through its wholly owned subsidiaries: First Foundation Advisors (FFA) and First Foundation Bank (FFB) and First Foundation Insurance Services (FFIS) a wholly owned subsidiary of FFB. The Company has two business segments: Banking and Investment Management Wealth Planning and Consulting (Wealth Management). Banking includes the operations of FFB and FFIS and Wealth Management includes the operations of FFA. FFB offers specialized services including trust services online banking remote deposit capture merchant credit card services ATM cards Visa debit cards business sweep accounts and through FFIS insurance brokerage services. FFA provides investment management and financial planning services.