First Foundation Inc (FFWM) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 . FBR Capital advised their investors in a research report released on Jul 29, 2016.
Many Wall Street Analysts have commented on First Foundation Inc. FBR Capital Initiated First Foundation Inc on Jul 1, 2016 to “Outperform”, Price Target of the shares are set at $26.
First Foundation Inc opened for trading at $22.66 and hit $23.5 on the upside on Thursday, eventually ending the session at $23.37, with a gain of 3.13% or 0.71 points. The heightened volatility saw the trading volume jump to 41,860 shares. Company has a market cap of $376 M.
In a different news, on Jul 1, 2016, Victoria Collins (director) sold 5,000 shares at $21.25 per share price. According to the SEC, on Jun 14, 2016, John Michel (CFO) purchased 1,500 shares at $21.41 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.