First Foundation Inc (NYSE: FFWM) is -20.35% lower on its value in year-to-date trading and has touched a low of $4.41 and a high of $11.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FFWM stock was last observed hovering at around $7.69 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.71, the stock is 15.79% and 17.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.26% at the moment leaves the stock 10.38% off its SMA200. FFWM registered 37.68% gain for a year compared to 6-month gain of 19.91%. The firm has a 50-day simple moving average (SMA 50) of $6.5832 and a 200-day simple moving average (SMA200) of $6.98495.
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The stock witnessed a 15.42% loss in the last 1 month and extending the period to 3 months gives it a 17.35%, and is 13.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.27% over the week and 5.12% over the month.
First Foundation Inc (FFWM) has around 567 employees, a market worth around $634.92M and $643.81M in sales. Current P/E ratio is 50.62 and Fwd P/E is 14.46. Profit margin for the company is 1.34%. Distance from 52-week low is 74.83% and -32.78% from its 52-week high. The company has generated returns on investments over the last 12 months (0.34%).
The EPS is expected to shrink by -164.66% this year
198.0 institutions hold shares in First Foundation Inc (FFWM), with institutional investors hold 64.43% of the company’s shares. The shares outstanding are 82.35M, and float is at 74.82M with Short Float at 7.58%. Institutions hold 60.21% of the Float.
The top institutional shareholder in the company is FMR LLC with over 5.08 million shares valued at $33.28 million. The investor’s holdings represent 8.9944 of the FFWM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.93 million shares valued at $25.76 million to account for 6.962 of the shares outstanding. The other top investors are AZORA CAPITAL LP which holds 3.76 million shares representing 6.6532 and valued at over $24.62 million, while VANGUARD GROUP INC holds 5.2702 of the shares totaling 2.98 million with a market value of $19.5 million.
First Foundation Inc (FFWM) Insider Activity
The most recent transaction is an insider sale by KELLER ULRICH E. JR, the company’s Chairman. SEC filings show that KELLER ULRICH E. JR sold 25,000 shares of the company’s common stock on Feb 29 ’24 at a price of $8.16 per share for a total of $0.2 million. Following the sale, the insider now owns 1.23 million shares.
First Foundation Inc disclosed in a document filed with the SEC on Dec 15 ’23 that KELLER ULRICH E. JR (Chairman) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $8.90 per share for $0.27 million. Following the transaction, the insider now directly holds 0.21 million shares of the FFWM stock.
