Equities research analysts forecast that First Foundation Inc (NASDAQ:FFWM) will announce earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for First Foundation’s earnings. First Foundation also posted earnings of $0.31 per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, January 29th.

On average, analysts expect that First Foundation will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.22 to $1.23. For the next financial year, analysts anticipate that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.36 to $1.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for First Foundation.

First Foundation (NASDAQ:FFWM) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. First Foundation had a net margin of 19.41% and a return on equity of 9.52%. The business had revenue of $57.11 million for the quarter, compared to analyst estimates of $56.83 million.

FFWM has been the topic of several recent research reports. BidaskClub lowered shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded shares of First Foundation from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

In other news, CFO John Michel sold 5,000 shares of First Foundation stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $15.74, for a total transaction of $78,700.00. Following the sale, the chief financial officer now directly owns 37,000 shares in the company, valued at approximately $582,380. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.90% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in First Foundation by 565.5% during the 2nd quarter. Royal Bank of Canada now owns 3,088 shares of the bank’s stock valued at $42,000 after purchasing an additional 2,624 shares during the last quarter. Phocas Financial Corp. bought a new position in First Foundation during the 2nd quarter valued at about $42,000. Bank of Montreal Can bought a new position in First Foundation during the 2nd quarter valued at about $44,000. Aperio Group LLC bought a new position in First Foundation during the 2nd quarter valued at about $57,000. Finally, JPMorgan Chase & Co. lifted its holdings in First Foundation by 15.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,739 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,444 shares during the last quarter. 59.83% of the stock is owned by hedge funds and other institutional investors.

Shares of First Foundation stock traded up $0.22 during trading on Thursday, hitting $16.21. 4,890 shares of the company’s stock traded hands, compared to its average volume of 120,674. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.98 and a quick ratio of 0.88. The firm’s fifty day moving average price is $15.54 and its 200 day moving average price is $14.44. First Foundation has a twelve month low of $11.79 and a twelve month high of $16.77. The company has a market cap of $718.48 million, a PE ratio of 13.85 and a beta of 0.87.

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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