First Foundation (FFWM) Expected to Announce Quarterly Earnings on Wednesday

First Foundation (NASDAQ:FFWM - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect First Foundation to post earnings of $0.02 per share and revenue of $64.13 million for the quarter.

First Foundation Stock Performance

NASDAQ FFWM opened at $4.96 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. First Foundation has a twelve month low of $4.42 and a twelve month high of $8.52. The business has a 50-day moving average price of $4.93 and a 200-day moving average price of $6.14. The firm has a market cap of $408.86 million, a price-to-earnings ratio of -3.70 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research firms have recently commented on FFWM. StockNews.com downgraded shares of First Foundation from a "hold" rating to a "sell" rating in a report on Friday, April 18th. Piper Sandler cut their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $6.75.

First Foundation Company Profile

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.

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