FY2025 Earnings Forecast for First Foundation Inc. (NASDAQ:FFWM) Issued By DA Davidson

First Foundation Inc. (NASDAQ:FFWM) – Stock analysts at DA Davidson lifted their FY2025 earnings estimates for First Foundation in a note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $1.21 per share for the year, up from their prior forecast of $1.20. The consensus estimate for First Foundation’s current full-year earnings is $0.28 per share.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $56.37 million for the quarter, compared to analysts’ expectations of $62.03 million. First Foundation had a negative net margin of 31.95% and a positive return on equity of 1.80%.

A number of other research firms have also weighed in on FFWM. Wedbush upped their target price on shares of First Foundation from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Raymond James raised shares of First Foundation from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $9.50 to $12.00 in a research note on Friday, January 5th.

First Foundation Stock Performance

Shares of FFWM stock opened at $6.43 on Thursday. The firm’s 50 day moving average is $7.49 and its 200 day moving average is $7.44. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $363.10 million, a P/E ratio of -1.83 and a beta of 1.23. First Foundation has a 12 month low of $3.69 and a 12 month high of $11.47.

Institutional Trading of First Foundation

A number of large investors have recently made changes to their positions in the stock. Riverview Trust Co purchased a new position in shares of First Foundation in the first quarter worth approximately $25,000. Royal Bank of Canada boosted its holdings in shares of First Foundation by 77.6% in the second quarter. Royal Bank of Canada now owns 6,388 shares of the bank’s stock worth $25,000 after buying an additional 2,792 shares during the last quarter. Quarry LP purchased a new position in shares of First Foundation in the first quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its holdings in shares of First Foundation by 461.6% in the second quarter. Tower Research Capital LLC TRC now owns 10,322 shares of the bank’s stock worth $41,000 after buying an additional 8,484 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of First Foundation in the second quarter worth approximately $56,000. 73.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Foundation

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of First Foundation stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $8.16, for a total value of $204,000.00. Following the completion of the sale, the chairman now directly owns 1,230,622 shares in the company, valued at $10,041,875.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is owned by company insiders.

First Foundation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.62%. First Foundation’s dividend payout ratio is currently -1.14%.

About First Foundation

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit 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, 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.