Q4 2024 EPS Estimates for First Foundation Inc. (NASDAQ:FFWM) Decreased by Analyst

First Foundation Inc. (NASDAQ:FFWMFree Report) – Research analysts at Wedbush decreased their Q4 2024 EPS estimates for First Foundation in a research note issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.17. Wedbush currently has a “Neutral” rating and a $11.00 price objective on the stock. The consensus estimate for First Foundation’s current full-year earnings is $0.28 per share.

Separately, Raymond James raised shares of First Foundation from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $9.50 to $12.00 in a research note on Friday, January 5th.

Read Our Latest Report on First Foundation

First Foundation Trading Up 1.6 %

First Foundation stock opened at $7.55 on Friday. First Foundation has a 1 year low of $3.69 and a 1 year high of $11.47. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $426.33 million, a price-to-earnings ratio of -2.14 and a beta of 1.23. The firm’s 50 day moving average price is $8.23 and its two-hundred day moving average price is $7.45.

First Foundation (NASDAQ:FFWMGet Free Report) last announced its earnings results on Thursday, January 25th. The bank reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. First Foundation had a positive return on equity of 1.80% and a negative net margin of 31.95%. The firm had revenue of $56.37 million for the quarter, compared to analysts’ expectations of $62.03 million.

First Foundation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.01 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.53%. First Foundation’s payout ratio is -1.14%.

Insider Transactions at First Foundation

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the company’s 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 transaction, the chairman now directly owns 1,230,622 shares in the company, valued at $10,041,875.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Foundation

Several large investors have recently bought and sold shares of FFWM. Royal Bank of Canada increased its position in shares of First Foundation by 77.6% during the second quarter. Royal Bank of Canada now owns 6,388 shares of the bank’s stock worth $25,000 after acquiring an additional 2,792 shares in the last quarter. Quarry LP acquired a new stake in First Foundation during the 1st quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its position in shares of First Foundation by 461.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,322 shares of the bank’s stock worth $41,000 after purchasing an additional 8,484 shares during the period. Two Sigma Securities LLC acquired a new position in shares of First Foundation during the 2nd quarter valued at $56,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in First Foundation during the 2nd quarter valued at $58,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

About First Foundation

(Get Free Report)

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.

See Also

Earnings History and Estimates for First Foundation (NASDAQ:FFWM)

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