Revenue Update on First Foundation Inc(NASDAQ:FFWM)

First Foundation Inc(NASDAQ:FFWM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $26.83M. Analysts estimated a revenue of $27.27M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.28.

First Foundation Inc (FFWM) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.17% at a volume of 14,786. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.795. The peak price level was also seen at $23.795 while the days lowest was $23.56. Finally the shares closed at $23.6. The 52-week high of the shares is $24.8899 while the 52-week low is $19.87. According to the latest information available, the market cap of the company is $380 M.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Victoria Collins (director) sold 5,000 shares at $21.25 per share price.Also, On Jun 14, 2016, John Michel (CFO) purchased 1,500 shares at $21.41 per share price.On Sep 14, 2015, James G Brakke (director) purchased 1,668 shares at $21.11 per share price, according to the Form-4 filing with the securities and exchange commission.

First Foundation Inc. is a financial services and bank holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families family businesses and other affiliated organizations. It conducts its operations through its wholly owned subsidiaries: First Foundation Advisors (FFA) and First Foundation Bank (FFB) and First Foundation Insurance Services (FFIS) a wholly owned subsidiary of FFB. The Company has two business segments: Banking and Investment Management Wealth Planning and Consulting (Wealth Management). Banking includes the operations of FFB and FFIS and Wealth Management includes the operations of FFA. FFB offers specialized services including trust services online banking remote deposit capture merchant credit card services ATM cards Visa debit cards business sweep accounts and through FFIS insurance brokerage services. FFA provides investment management and financial planning services.

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