Q1 Earnings Forecast for First Foundation Issued By Wedbush

First Foundation Inc. (NASDAQ:FFWM - Free Report) - Stock analysts at Wedbush decreased their Q1 2025 earnings per share (EPS) estimates for shares of First Foundation in a note issued to investors on Wednesday, October 30th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.07. Wedbush has a "Neutral" rating and a $5.00 price objective on the stock. The consensus estimate for First Foundation's current full-year earnings is ($0.07) per share. Wedbush also issued estimates for First Foundation's Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.30 EPS and FY2026 earnings at $0.60 EPS.

Several other equities research analysts have also issued reports on the stock. Piper Sandler restated a "neutral" rating and set a $6.00 price target on shares of First Foundation in a research note on Wednesday, July 3rd. DA Davidson upgraded shares of First Foundation from a "neutral" rating to a "buy" rating and raised their price target for the stock from $8.00 to $9.00 in a research note on Wednesday, July 3rd. Raymond James lowered shares of First Foundation from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of First Foundation from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Stephens lowered shares of First Foundation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.80.

First Foundation Stock Performance

Shares of First Foundation stock traded down $0.21 during mid-day trading on Thursday, hitting $6.74. 577,682 shares of the stock were exchanged, compared to its average volume of 614,698. First Foundation has a 12 month low of $4.41 and a 12 month high of $11.47. The company has a 50-day simple moving average of $6.84 and a 200 day simple moving average of $6.32. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $380.89 million, a P/E ratio of -1.84 and a beta of 1.32.

First Foundation (NASDAQ:FFWM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.33. First Foundation had a net margin of 1.34% and a return on equity of 1.07%. The business had revenue of $61.06 million for the quarter, compared to analysts' expectations of $60.60 million.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of First Foundation during the 1st quarter valued at $3,819,000. Kennedy Capital Management LLC bought a new stake in shares of First Foundation during the 1st quarter worth $1,731,000. Cubist Systematic Strategies LLC bought a new stake in shares of First Foundation during the 2nd quarter worth $563,000. Elizabeth Park Capital Advisors Ltd. lifted its holdings in shares of First Foundation by 26.7% during the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 463,953 shares of the bank's stock worth $3,039,000 after acquiring an additional 97,732 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of First Foundation during the 2nd quarter worth $838,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

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.