November 22, 2016 - By Vivian Park · 0 Comments
First Foundation Inc. (NASDAQ:FFWM) institutional sentiment decreased to 1.42 in 2016 Q2. Its down -0.50, from 1.92 in 2016Q1. The ratio dived, as 48 investment managers increased and opened new equity positions, while 25 cut down and sold their positions in First Foundation Inc.. The investment managers in our partner’s database now hold: 8.73 million shares, up from 7.99 million shares in 2016Q1. Also, the number of investment managers holding First Foundation Inc. in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 13 Increased: 28 New Position: 20.
First Foundation Inc. is a financial services holding company. The company has a market cap of $465.62 million. The Firm provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. It has a 21.86 P/E ratio. The Firm conducts its activities through its subsidiaries First Foundation Advisors and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB.
About 8,726 shares traded hands. First Foundation Inc (NASDAQ:FFWM) has risen 25.02% since April 20, 2016 and is uptrending. It has outperformed by 20.47% the S&P500.
According to Zacks Investment Research, “First Foundation Inc. engages in providing integrated investment management, wealth planning, consulting, trust and banking services. It operates in two segments, Banking and Wealth Management. The company offers a range of bank deposit products; loan products; specialized services comprising trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services. It offers investment portfolio management and financial planning services; advisory and coordination services and wealth management services. First Foundation Inc. is headquartered in Irvine, California.”
Endicott Management Co holds 4.48% of its portfolio in First Foundation Inc for 571,652 shares. Castine Capital Management Llc owns 166,138 shares or 1.71% of their US portfolio. Moreover, Fsi Group Llc has 1.56% invested in the company for 118,586 shares. The New York-based Mendon Capital Advisors Corp has invested 1.17% in the stock. Stieven Capital Advisors L.P., a Missouri-based fund reported 176,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 8 sales for $1.27 million net activity.
First Foundation Inc., incorporated on October 6, 2006, is a financial services holding company. The Firm provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Firm conducts its activities through its subsidiaries First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s divisions include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the activities of FFB and FFIS, and Wealth Management segment includes the activities of FFA. The Company’s integrated platform provides investment management, wealth planning, consulting, trust, banking services and products, life insurance services and property and casualty insurance services to meet the financial needs of its clients. The Firm through its lending platform offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties. In addition, the Company provides business banking services and products to small to moderate-sized businesses and professional firms, and consumer banking services and products to individuals and families who would not be considered high net-worth.
More news for First Foundation Inc (NASDAQ:FFWM) were recently published by: Businesswire.com, which released: “First Foundation Announces Open Application Window for Its 2017 â€œSupporting …” on November 22, 2016. Businesswire.com‘s article titled: “First Foundation’s Scott Kavanaugh and Doug Freeman Named Among Orange County …” and published on November 14, 2016 is yet another important article.
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By Vivian Park