Analysts Anticipate First Foundation Inc. (FFWM) to Post $0.26 Earnings Per Share

Equities analysts forecast that First Foundation Inc. (NASDAQ:FFWM) will post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for First Foundation’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. First Foundation posted earnings of $0.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.8%. The company is scheduled to report its next earnings report on Monday, February 5th.

On average, analysts expect that First Foundation will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.91 to $1.00. For the next fiscal year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.12 to $1.21. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow First Foundation.

First Foundation (NASDAQ:FFWM) last issued its earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $38.30 million during the quarter, compared to analysts’ expectations of $38.83 million. First Foundation had a net margin of 19.62% and a return on equity of 10.32%.

FFWM has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of First Foundation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, October 27th. TheStreet upgraded shares of First Foundation from a “c-” rating to a “b-” rating in a research report on Tuesday, October 31st. Finally, ValuEngine cut shares of First Foundation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.88.

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $19.23, for a total transaction of $192,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of First Foundation by 2.4% in the second quarter. FMR LLC now owns 1,529,878 shares of the bank’s stock valued at $25,135,000 after purchasing an additional 36,484 shares during the period. Vanguard Group Inc. boosted its stake in shares of First Foundation by 5.7% in the second quarter. Vanguard Group Inc. now owns 1,152,829 shares of the bank’s stock valued at $18,941,000 after purchasing an additional 62,230 shares during the period. Boston Partners boosted its stake in shares of First Foundation by 5.9% in the third quarter. Boston Partners now owns 942,860 shares of the bank’s stock valued at $16,867,000 after purchasing an additional 52,830 shares during the period. Banc Funds Co. LLC boosted its stake in shares of First Foundation by 5.3% in the second quarter. Banc Funds Co. LLC now owns 814,398 shares of the bank’s stock valued at $13,381,000 after purchasing an additional 41,000 shares during the period. Finally, State Street Corp boosted its stake in shares of First Foundation by 13.8% in the second quarter. State Street Corp now owns 457,699 shares of the bank’s stock valued at $7,520,000 after purchasing an additional 55,468 shares during the period. 50.95% of the stock is owned by institutional investors and hedge funds.

Shares of First Foundation (NASDAQ:FFWM) traded up $0.04 during midday trading on Friday, hitting $18.69. 308,220 shares of the stock were exchanged, compared to its average volume of 107,655. The firm has a market capitalization of $658.47, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 1.02. First Foundation has a 1-year low of $13.64 and a 1-year high of $19.84.

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First Foundation Company Profile

First Foundation Inc is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB.

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

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