FY2025 EPS Forecast for First Foundation Lowered by Analyst

First Foundation Inc. (NASDAQ:FFWM) – Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of First Foundation in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $0.53 per share for the year, down from their previous forecast of $0.54. The consensus estimate for First Foundation’s current full-year earnings is $0.13 per share.

Several other brokerages have also recently issued reports on FFWM. Stephens cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Foundation currently has a consensus rating of “Hold” and an average price target of $7.80.

First Foundation Trading Up 3.7 %

Shares of FFWM opened at $6.21 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market capitalization of $511.49 million, a price-to-earnings ratio of -5.54 and a beta of 1.34. The company has a 50-day moving average of $7.50 and a 200 day moving average of $6.70. First Foundation has a 1-year low of $4.84 and a 1-year high of $11.47.

Institutional Trading of First Foundation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFWM. The Manufacturers Life Insurance Company raised its position in First Foundation by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock worth $136,000 after buying an additional 1,632 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of First Foundation by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 52,660 shares of the bank’s stock valued at $329,000 after buying an additional 2,680 shares during the period. Creative Planning boosted its position in First Foundation by 35.8% in the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of First Foundation by 3.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 132,807 shares of the bank’s stock valued at $829,000 after buying an additional 4,820 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in First Foundation by 28.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,425 shares of the bank’s stock valued at $173,000 after acquiring an additional 5,790 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

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.