First Foundation (FFWM) Set to Announce Earnings on Thursday

First Foundation (NASDAQ:FFWM) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect First Foundation to post earnings of $0.01 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $56.37 million during the quarter, compared to analysts’ expectations of $62.03 million. First Foundation had a positive return on equity of 1.80% and a negative net margin of 31.95%. On average, analysts expect First Foundation to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Foundation Price Performance

Shares of NASDAQ FFWM opened at $6.92 on Tuesday. The stock has a market capitalization of $391.05 million, a price-to-earnings ratio of -1.97 and a beta of 1.23. The business has a 50-day moving average of $7.44 and a 200-day moving average of $7.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.05 and a quick ratio of 1.05. First Foundation has a fifty-two week low of $3.69 and a fifty-two week high of $11.47.

First Foundation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.04 annualized dividend and a yield of 0.58%. First Foundation’s dividend payout ratio (DPR) is presently -1.14%.

Insider Transactions at First Foundation

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $8.16, for a total transaction of $204,000.00. Following the completion of the transaction, the chairman now 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. Company insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FFWM. Raymond James raised shares of First Foundation from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $9.50 to $12.00 in a report on Friday, January 5th. Wedbush upped their price objective on shares of First Foundation from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, January 26th.

First Foundation Company Profile

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.