Equities Analysts Issue Forecasts for FFWM Q4 Earnings

First Foundation Inc. (NASDAQ:FFWM) – Investment analysts at DA Davidson issued their Q4 2024 EPS estimates for First Foundation in a report issued on Wednesday, October 30th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $0.06 per share for the quarter. The consensus estimate for First Foundation’s current full-year earnings is ($0.07) per share.

A number of other research analysts have also recently commented on the company. StockNews.com upgraded First Foundation from a “sell” rating to a “hold” rating in a research note on Wednesday. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.80.

First Foundation Stock Performance

Shares of FFWM opened at $6.74 on Thursday. First Foundation has a one year low of $4.41 and a one year high of $11.47. The company has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $6.32. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $380.89 million, a PE ratio of -1.84 and a beta of 1.32.

First Foundation (NASDAQ:FFWM) last announced its earnings results on Tuesday, October 29th. The bank reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.33. First Foundation had a net margin of 1.34% and a return on equity of 1.07%. The firm had revenue of $61.06 million for the quarter, compared to analyst estimates of $60.60 million.

Institutional Trading of First Foundation

Several hedge funds and other institutional investors have recently made changes to their positions in FFWM. FLC Capital Advisors raised its stake in First Foundation by 7.0% during the third quarter. FLC Capital Advisors now owns 135,861 shares of the bank’s stock valued at $848,000 after buying an additional 8,864 shares during the last quarter. Creative Planning raised its position in shares of 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 during the last quarter. SG Americas Securities LLC raised its position in shares of First Foundation by 108.1% in the 3rd quarter. SG Americas Securities LLC now owns 51,383 shares of the bank’s stock worth $321,000 after purchasing an additional 26,697 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in First Foundation in the 2nd quarter worth about $563,000. Finally, Mendon Capital Advisors Corp grew its position in First Foundation by 144.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 646,691 shares of the bank’s stock valued at $4,236,000 after purchasing an additional 381,946 shares during the last quarter. Hedge funds and other institutional investors 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.