First Foundation (NASDAQ:FFWM) Share Price Crosses Below Two Hundred Day Moving Average of $7.52

First Foundation Inc. (NASDAQ:FFWM - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.52 and traded as low as $5.35. First Foundation shares last traded at $5.53, with a volume of 617,992 shares traded.

Analyst Ratings Changes

FFWM has been the topic of a number of analyst reports. Wedbush cut their price objective on shares of First Foundation from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Friday, April 26th. StockNews.com upgraded shares of First Foundation from a "sell" rating to a "hold" rating in a report on Friday, April 26th.

First Foundation Price Performance

The stock's 50 day moving average price is $6.79 and its 200-day moving average price is $7.52. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $330.02 million, a PE ratio of -1.60 and a beta of 1.29.

First Foundation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.04 annualized dividend and a yield of 0.68%. First Foundation's dividend payout ratio (DPR) is -1.09%.

Insiders Place Their Bets

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of First Foundation stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $8.16, for a total transaction of $204,000.00. Following the completion of the sale, the chairman now owns 1,230,622 shares of the company's stock, valued at $10,041,875.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.30% of the company's stock.

Institutional Trading of First Foundation

Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank raised its holdings in shares of First Foundation by 1.9% in the 3rd quarter. Swiss National Bank now owns 111,600 shares of the bank's stock valued at $679,000 after purchasing an additional 2,100 shares in the last quarter. Nierenberg Investment Management Company Inc. bought a new position in First Foundation in the third quarter worth approximately $411,000. Algert Global LLC bought a new position in First Foundation in the third quarter worth approximately $2,305,000. Verdad Advisers LP purchased a new stake in First Foundation during the third quarter worth $365,000. Finally, Panagora Asset Management Inc. bought a new stake in First Foundation during the 3rd quarter valued at $1,843,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

About First Foundation

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits.