$89.18 Million in Sales Expected for First Foundation Inc. (NASDAQ:FFWM) This Quarter

Equities research analysts predict that First Foundation Inc. (NASDAQ:FFWMGet Rating) will announce $89.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for First Foundation’s earnings. The highest sales estimate is $90.80 million and the lowest is $88.00 million. First Foundation reported sales of $66.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.8%. The firm is scheduled to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that First Foundation will report full year sales of $375.55 million for the current fiscal year, with estimates ranging from $364.00 million to $385.50 million. For the next year, analysts anticipate that the firm will post sales of $409.40 million, with estimates ranging from $386.00 million to $430.51 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow First Foundation.

First Foundation (NASDAQ:FFWMGet Rating) last announced its quarterly earnings data on Monday, January 31st. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.11. First Foundation had a net margin of 34.47% and a return on equity of 13.36%. The business had revenue of $75.79 million for the quarter, compared to analyst estimates of $74.40 million. During the same period last year, the business earned $0.50 EPS.

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of First Foundation in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Stephens assumed coverage on shares of First Foundation in a research report on Wednesday, February 2nd. They issued an “overweight” rating and a $32.00 target price on the stock. Zacks Investment Research raised shares of First Foundation from a “sell” rating to a “hold” rating in a research report on Thursday, February 3rd. Finally, B. Riley dropped their target price on shares of First Foundation from $34.00 to $31.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $30.00.

Shares of FFWM opened at $23.21 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $26.11. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.59 and a beta of 1.24. First Foundation has a twelve month low of $20.30 and a twelve month high of $29.41.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record on Thursday, February 10th were given a dividend of $0.11 per share. This is an increase from First Foundation’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, February 9th. First Foundation’s dividend payout ratio (DPR) is presently 18.18%.

In other First Foundation news, Director Diane M. Rubin acquired 1,000 shares of the stock in a transaction on Monday, February 7th. The shares were bought at an average cost of $26.53 per share, with a total value of $26,530.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.90% of the company’s stock.

Several large investors have recently modified their holdings of FFWM. River Oaks Capital LLC purchased a new stake in shares of First Foundation in the fourth quarter valued at about $754,000. Davidson Investment Advisors purchased a new stake in shares of First Foundation in the third quarter valued at about $15,694,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Foundation in the fourth quarter valued at about $9,476,000. Stieven Capital Advisors L.P. purchased a new stake in shares of First Foundation in the third quarter valued at about $8,398,000. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new stake in shares of First Foundation in the third quarter valued at about $8,338,000. 69.39% of the stock is currently owned by institutional investors and hedge funds.

About First Foundation (Get Rating)

First Foundation Inc, through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. 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 certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and 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.

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