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Last $21.37 USD
Change Today -0.07 / -0.33%
Volume 25.9K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

first foundation inc (FFWM) Snapshot

Open
$21.42
Previous Close
$21.44
Day High
$21.42
Day Low
$21.25
52 Week High
11/3/14 - $23.00
52 Week Low
11/4/14 - $17.50
Market Cap
341.1M
Average Volume 10 Days
31.7K
EPS TTM
$1.03
Shares Outstanding
16.0M
EX-Date
--
P/E TM
20.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST FOUNDATION INC (FFWM)

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first foundation inc (FFWM) Details

First Foundation Inc., through its subsidiaries, provides various financial services to high net-worth individuals and their families, family businesses, and other affiliated organizations in the United States. It operates in two segments, Banking and Wealth Management. The company 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 accounts; 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. It also provides various 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. In addition, the company offers investment portfolio management and financial planning services; advisory and coordination services in the areas of estate planning, retirement planning, charitable and business ownership issues, and issues faced by executives of publicly-traded companies; and wealth management services consisting of financial, investment, and economic advisory and related services. Further, it provides education, instruction, and consultation on financial planning and management matters, as well as Internet-based data processing administrative support services, which include processing and transmission of financial and economic data for charitable organizations. First Foundation Inc. is headquartered in Irvine, California.

207.5 Employees
Last Reported Date: 03/16/15

first foundation inc (FFWM) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Chai...
Total Annual Compensation: $968.5K
Executive Chairman, Executive Chairman of Ffa...
Total Annual Compensation: $700.0K
Director and President of FFA
Total Annual Compensation: $595.0K
Compensation as of Fiscal Year 2014.

first foundation inc (FFWM) Key Developments

First Foundation Opens New California Regional Offices; Announces Executive Appointments to Lead California Regional Offices

First Foundation Inc. announced the opening of two new California regional offices,. The company announced the appointment of three senior vice presidents to lead those offices. Tony Fire will lead the new Los Angeles regional office and brings 25 years of multi-family and commercial lending experience to the firm, having facilitated over $2.5 billion of loans in the Los Angeles market. Kris Lynds and Manjit Dhillon will co-lead the Oakland office. Lynds has been working in the multi-family and small balance commercial loan space since 1989 in the Bay Area while Dhillon has focused on small business lending, commercial lending and commercial banking, bringing more than 30 years of diversified banking experience with him.

First Foundation Seeks Acquisitions

First Foundation Inc. (NasdaqGM:FFWM) is seeking acquisitions. First Foundation announced the pricing of its public offering of 6.2 million shares at $19.25 per share. The offering is expected to result in gross proceeds of approximately $120 million and net proceeds of $113.7 million. First Foundation plans to use the net proceeds from the offering for general corporate purposes, including, the support of organic growth and possible acquisitions, along with potentially repaying all or a portion of its $29 million of outstanding term debt.

First Foundation Mulls Acquisitions

First Foundation Inc. (NasdaqGM:FFWM) is seeking acquisitions. First Foundation Inc. has filed a follow-on equity offering of $100 million. First Foundation plans to use the proceeds to pay down a portion or potentially all of its $29 million in outstanding term debt, to support organic growth or potential acquisitions and for general corporate purposes.

 

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FFWM:US $21.37 USD -0.07

FFWM Competitors

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Industry Analysis

FFWM

Industry Average

Valuation FFWM Industry Range
Price/Earnings 15.7x
Price/Sales 2.4x
Price/Book 1.5x
Price/Cash Flow 28.6x
TEV/Sales NM Not Meaningful
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