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

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

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

First Foundation Price Performance

FFWM stock opened at $6.43 on Thursday. The firm has a 50 day moving average of $7.49 and a 200-day moving average of $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. First Foundation has a 12 month low of $3.69 and a 12 month high of $11.47. The firm has a market capitalization of $363.10 million, a P/E ratio of -1.83 and a beta of 1.23.

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

Hedge Funds Weigh In On First Foundation

A number of hedge funds have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of First Foundation during the 1st quarter valued at about $25,000. Quadrature Capital Ltd purchased a new stake in shares of First Foundation during the 4th quarter valued at about $126,000. Vanguard Group Inc. increased its position in shares of First Foundation by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,828,844 shares of the bank’s stock valued at $27,383,000 after purchasing an additional 16,820 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of First Foundation by 19.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,286 shares of the bank’s stock valued at $129,000 after purchasing an additional 2,139 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of First Foundation during the 4th quarter valued at about $1,929,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Insider Activity

In related news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $8.16, for a total value of $204,000.00. Following the transaction, the chairman now owns 1,230,622 shares in the company, valued at approximately $10,041,875.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.20% of the company’s stock.

First Foundation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 2nd. First Foundation’s dividend payout ratio (DPR) is presently -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.