First Foundation Inc(NASDAQ:FFWM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $32.590M. Analysts estimated a revenue of $31.280M. The revenues were 4.19% above the estimates. Earnings per share were $0.19. The reported EPS was below estimates by -26.92%. Analysts had estimated an EPS of $0.26.
In a different note, On Dec 20, 2016, FBR Capital said it Downgrades its rating on First Foundation Inc. The shares have been rated ‘Market Perform’ by the firm.
First Foundation Inc (FFWM) made into the market gainers list on Tuesdays trading session with the shares advancing 5.20% or 0.78 points. Due to strong positive momentum, the stock ended at $15.78, which is also near the day’s high of $15.86. The stock began the session at $15.19 and the volume stood at 1,02,196 shares. The 52-week high of the shares is $15.86 and the 52 week low is $10. The company has a current market capitalization of $515 M and it has 3,26,55,316 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 2, 2017, Ulrich E. Jr Keller (Chairman) sold 10,000 shares at $14.31 per share price.Also, On Nov 21, 2016, John Michel (Chief Financial Officer) sold 14,000 shares at $27.00 per share price.On Aug 15, 2016, Victoria Collins (director) sold 19,476 shares at $24.72 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.