First Foundation Inc. (FFWM) may enjoy gains as insiders got busy in the recent days


First Foundation Inc.’s filing revealed that its Director Lake David G. acquired Company’s shares for reported $7980.0 on May 11. In the deal valued at $3.99 per share,2,000 shares were bought. As a result of this transaction, Lake David G. now holds 137,801 shares worth roughly $ 1.13 million.

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Then, Lake David G. bought 2,000 shares, generating $8,380 in total proceeds. Upon buying the shares at $4.19, the Director now owns 135,801 shares.

Before that, PAGLIARINI ELIZABETH A. bought 5,610 shares. First Foundation Inc. shares valued at $24,403 were divested by the Director at a price of $4.35 per share. As a result of the transaction, PAGLIARINI ELIZABETH A. now holds 18,205 shares, worth roughly $0.15 million.

Piper Sandler downgraded its First Foundation Inc. [FFWM] rating to a Neutral from a an Overweight in a research note published on Friday, February 03, 2023; the price target was decreased to $16 from $17.50. PT values the company’s stock at a premium of 48.62 to its Friday closing price.

Price Performance Review of FFWM

On Friday, First Foundation Inc. [NYSE:FFWM] saw its stock jump 4.58% to $8.22. On the same session, the stock had its day’s lowest price of $7.93, but rose to a high of $8.44. Over the last five days, the stock has gained 14.33%. First Foundation Inc. shares have fallen nearly -42.64% since the year began. Nevertheless, the stocks have fallen -56.65% over the past one year. While a 52-week high of $20.09 was reached on 02/02/23, a 52-week low of $3.69 was recorded on 07/11/23. SMA at 50 days reached $6.03, while 200 days put it at $9.38. A total of 0.84 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For FFWM Stock

The 24-hour chart illustrates a support level at 7.95, which if violated will result in even more drops to 7.69. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.71. The Relative Strength Index (RSI) on the 14-day chart is 72.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.47%. Stochastics %K at 86.39% indicates the stock is a selling.

How much short interest is there in First Foundation Inc.?

A steep rise in short interest was recorded in First Foundation Inc. stocks on Jul 30, 2023, dropping by -0.65 million shares to a total of 3.91 million shares. Yahoo Finance data shows the prior-month short interest on Jun 29, 2023 was 4.56 million shares. There was a decline of -16.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.44.

First Foundation Inc. [FFWM] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,826,387 shares, or roughly 6.78% of the outstanding FFWM shares. In other words, the investor’s shares have risen by 110,600 from its previous 13-F filing of 3715787.0. Additionally, FIAM LLC increased 0.12% of its stake after which the total value it holdings stand at $19,421,383, while The Vanguard Group, Inc. reduced -0.77% of its stake to hold $19.29 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 3,436 shares of First Foundation Inc., while Azora Capital LP bought 359,988 shares. At present, Dimensional Fund Advisors LP is holding 1,711,549 shares valued at $12.51 million. The Banc Funds Co LLC owned 1,353,054 shares of the company at the time of its most recent 13F filing, worth $9.89 million.


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