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

First Foundation Inc. (NASDAQ:FFWMFree Report) – Stock analysts at Wedbush lowered their Q4 2024 earnings per share (EPS) estimates for First Foundation in a research note issued to investors 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 target price on the stock. The consensus estimate for First Foundation’s current full-year earnings is $0.28 per share.

Separately, Raymond James upgraded First Foundation from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $9.50 to $12.00 in a report on Friday, January 5th.

View Our Latest Stock Report on FFWM

First Foundation Price Performance

FFWM stock opened at $7.55 on Friday. The firm has a 50 day moving average of $8.23 and a 200-day moving average of $7.45. First Foundation has a 12-month low of $3.69 and a 12-month high of $11.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.52. The company has a market cap of $426.33 million, a price-to-earnings ratio of -2.14 and a beta of 1.23.

First Foundation (NASDAQ:FFWMGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $56.37 million for the quarter, compared to analyst estimates of $62.03 million.

First Foundation Announces Dividend

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

Insider Activity

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $8.16, for a total value of $204,000.00. Following the sale, the chairman now owns 1,230,622 shares in the company, valued at approximately $10,041,875.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FFWM. Nierenberg Investment Management Company Inc. acquired a new position in shares of First Foundation during the third quarter valued at approximately $411,000. Swiss National Bank raised its holdings in shares of First Foundation by 1.9% during the 3rd quarter. Swiss National Bank now owns 111,600 shares of the bank’s stock valued at $679,000 after purchasing an additional 2,100 shares in the last quarter. Algert Global LLC bought a new position in shares of First Foundation during the 3rd quarter valued at $2,305,000. Verdad Advisers LP bought a new position in First Foundation in the 3rd quarter worth $365,000. Finally, Panagora Asset Management Inc. bought a new position in First Foundation in the 3rd quarter worth $1,843,000. Institutional investors own 73.10% of the company’s stock.

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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