Analysts expect that First Foundation Inc (NASDAQ:FFWM) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Four analysts have provided estimates for First Foundation’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.32. First Foundation reported earnings of $0.28 per share during the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The business is expected to report its next quarterly earnings report on Wednesday, July 22nd.

According to Zacks, analysts expect that First Foundation will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.60. For the next financial year, analysts expect that the company will post earnings of $1.57 per share, with EPS estimates ranging from $1.38 to $1.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for First Foundation.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $55.54 million for the quarter, compared to analysts’ expectations of $53.81 million. First Foundation had a return on equity of 9.59% and a net margin of 19.76%.

Several equities analysts have recently commented on the stock. ValuEngine cut shares of First Foundation from a “sell” rating to a “strong sell” rating in a research report on Monday, June 1st. Zacks Investment Research upgraded shares of First Foundation from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday. Piper Sandler upgraded shares of First Foundation from a “neutral” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, April 24th. BidaskClub upgraded shares of First Foundation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Finally, Wedbush assumed coverage on shares of First Foundation in a research report on Monday, March 23rd. They issued an “outperform” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. First Foundation has an average rating of “Buy” and an average target price of $16.60.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. acquired a new position in First Foundation during the 1st quarter worth approximately $110,000. AQR Capital Management LLC acquired a new position in First Foundation in the 1st quarter valued at approximately $437,000. Engineers Gate Manager LP acquired a new position in First Foundation in the 1st quarter valued at approximately $171,000. Invesco Ltd. increased its position in First Foundation by 24.5% in the 1st quarter. Invesco Ltd. now owns 51,334 shares of the bank’s stock valued at $525,000 after acquiring an additional 10,097 shares during the period. Finally, Two Sigma Investments LP increased its position in First Foundation by 39.4% in the 1st quarter. Two Sigma Investments LP now owns 31,394 shares of the bank’s stock valued at $321,000 after acquiring an additional 8,874 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

FFWM traded up $0.40 on Monday, hitting $15.80. 270,073 shares of the stock were exchanged, compared to its average volume of 179,005. The firm has a market capitalization of $686.78 million, a price-to-earnings ratio of 12.15 and a beta of 1.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 0.95. First Foundation has a 12 month low of $8.01 and a 12 month high of $17.64. The business has a 50-day moving average of $14.67 and a two-hundred day moving average of $14.48.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, May 29th. First Foundation’s dividend payout ratio is 22.40%.

About First Foundation

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.

Read More: Green Investing

Get a free copy of the Zacks research report on First Foundation (FFWM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for First Foundation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation and related companies with MarketBeat.com's FREE daily email newsletter.