Equities research analysts expect First Foundation Inc (NASDAQ:FFWM) to post $0.27 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for First Foundation’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.21. First Foundation also posted earnings of $0.27 per share in the same quarter last year. The business is scheduled to report its next earnings report on Wednesday, October 24th.

On average, analysts expect that First Foundation will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.09. For the next year, analysts expect that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.25 to $1.57. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover First Foundation.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings data on Monday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.06). The company had revenue of $43.24 million for the quarter, compared to analysts’ expectations of $45.38 million. First Foundation had a net margin of 12.87% and a return on equity of 9.51%.

Several research firms have issued reports on FFWM. TheStreet downgraded shares of First Foundation from a “b” rating to a “c+” rating in a report on Friday, August 10th. BidaskClub cut shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Sandler O’Neill cut shares of First Foundation from a “buy” rating to a “hold” rating and set a $21.50 target price for the company. in a research report on Tuesday, July 31st. Zacks Investment Research cut shares of First Foundation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Finally, ValuEngine cut shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.90.

In other news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $18.62, for a total value of $186,200.00. Following the completion of the sale, the chairman now directly owns 20,000 shares in the company, valued at $372,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jacob Sonenshine sold 12,500 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $19.37, for a total transaction of $242,125.00. The disclosure for this sale can be found here. Insiders sold 62,500 shares of company stock valued at $1,203,225 over the last quarter. Company insiders own 14.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in First Foundation during the second quarter worth about $5,968,000. Tower Research Capital LLC TRC acquired a new stake in First Foundation during the second quarter worth about $254,000. Bank of America Corp DE increased its position in First Foundation by 226.0% during the second quarter. Bank of America Corp DE now owns 62,047 shares of the bank’s stock worth $1,151,000 after purchasing an additional 43,015 shares during the last quarter. Raymond James & Associates increased its position in First Foundation by 242.4% during the second quarter. Raymond James & Associates now owns 90,518 shares of the bank’s stock worth $1,678,000 after purchasing an additional 64,080 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in First Foundation during the second quarter worth about $3,203,000. Institutional investors and hedge funds own 53.35% of the company’s stock.

FFWM traded down $0.09 during midday trading on Friday, hitting $15.50. 192,768 shares of the company traded hands, compared to its average volume of 183,454. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 1.53. The company has a market cap of $680.61 million, a price-to-earnings ratio of 16.05, a PEG ratio of 2.14 and a beta of 0.59. First Foundation has a 52-week low of $14.95 and a 52-week high of $20.43.

First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.

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

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