First Foundation Inc. (FFWM) Stock Formed Ascending Triangle Pattern. What To Expect?

May 18, 2018 - By Larry Purdy

First Foundation Inc. (NASDAQ:FFWM) Logo

Investors sentiment decreased to 2.21 in 2017 Q4. Its down 0.92, from 3.13 in 2017Q3. It dropped, as 6 investors sold First Foundation Inc. shares while 18 reduced holdings. 14 funds opened positions while 39 raised stakes. 19.43 million shares or 47.61% less from 37.09 million shares in 2017Q3 were reported.
Moreover, Tiaa Cref Invest Mngmt Ltd Liability has 0% invested in First Foundation Inc. (NASDAQ:FFWM). 691,501 were accumulated by Rmb Capital Mgmt Ltd Liability. Moreover, Goldman Sachs Grp Inc has 0% invested in First Foundation Inc. (NASDAQ:FFWM) for 98,059 shares. Chesley Taft And Associate Ltd Liability Company, a Illinois-based fund reported 46,800 shares. Barclays Public Ltd accumulated 4,727 shares. Voya Investment Management Limited Liability holds 21,231 shares. Jpmorgan Chase &, a New York-based fund reported 115,218 shares. Alliancebernstein L P reported 0% in First Foundation Inc. (NASDAQ:FFWM). Tcw reported 45,299 shares. Prudential Fin accumulated 33,510 shares. Parametric Port Assoc Lc invested 0% in First Foundation Inc. (NASDAQ:FFWM). Stieven Capital Limited Partnership holds 1.15% or 352,400 shares in its portfolio. Rhumbline Advisers invested in 26,329 shares or 0% of the stock. 256,396 were accumulated by Renaissance Technology. Morgan Stanley accumulated 69,802 shares or 0% of the stock.

Since February 2, 2018, it had 0 insider purchases, and 10 sales for $2.24 million activity. LARSEN GERALD L. sold $409,420 worth of First Foundation Inc. (NASDAQ:FFWM) on Wednesday, April 4. HAKOPIAN JOHN also sold $202,824 worth of First Foundation Inc. (NASDAQ:FFWM) shares. FIX WARREN D sold 16,746 shares worth $306,117. $101,379 worth of stock was sold by BRIGGS MAX on Friday, February 2.

The stock of First Foundation Inc. (FFWM) formed an ascending triangle with $17.19 target or 9.00 % below today’s $18.89 share price. The 8 months triangle pattern indicates high risk for the $738.19 million company. If the $17.19 price target is reached, the company will be worth $66.44M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.80% or $0.15 during the last trading session, reaching $18.89. About 55,937 shares traded. First Foundation Inc. (NASDAQ:FFWM) has risen 18.77% since May 18, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Analysts await First Foundation Inc. (NASDAQ:FFWM) to report earnings on July, 25. They expect $0.28 earnings per share, 0.00 % or $0.00 from last year’s $0.28 per share. FFWM’s profit will be $10.94 million for 16.87 P/E if the $0.28 EPS becomes a reality. After $0.23 actual earnings per share reported by First Foundation Inc. for the previous quarter, Wall Street now forecasts 21.74 % EPS growth.

First Foundation Inc. (NASDAQ:FFWM) Ratings Coverage

Among 2 analysts covering First Foundation (NASDAQ:FFWM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First Foundation had 3 analyst reports since December 19, 2017 according to SRatingsIntel. Sandler O’Neill maintained First Foundation Inc. (NASDAQ:FFWM) on Thursday, March 29 with “Buy” rating. On Thursday, February 1 the stock rating was maintained by FBR Capital with “Buy”. FBR Capital maintained First Foundation Inc. (NASDAQ:FFWM) on Tuesday, December 19 with “Buy” rating.

More recent First Foundation Inc. (NASDAQ:FFWM) news were published by: Businesswire.com which released: “First Foundation Advisors Appoints Raymond Mow as Managing Director of Fixed Income” on May 17, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within NetScout, Entegris, Pinnacle Entertainment, First …” on May 03, 2018. Streetinsider.com‘s news article titled: “First Foundation (FFWM) Misses Q1 EPS by 3c, Miss on Revenues” with publication date: April 24, 2018 was also an interesting one.

First Foundation Inc., through its subsidiaries, provides personalized financial services to individuals, businesses, and other organizations in the United States. The company has market cap of $738.19 million. It operates in two divisions, Banking; and Investment Management and Wealth Planning. It has a 24.22 P/E ratio. The firm offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

First Foundation Inc. (NASDAQ:FFWM) Institutional Positions Chart

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