First Foundation (FFWM) to Release Quarterly Earnings on Tuesday

First Foundation (NASDAQ:FFWM - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, October 29th. Analysts expect First Foundation to post earnings of ($0.20) per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

First Foundation (NASDAQ:FFWM - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $54.23 million. First Foundation had a return on equity of 1.07% and a net margin of 1.34%. During the same period in the previous year, the company posted $0.07 EPS. On average, analysts expect First Foundation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Foundation Price Performance

FFWM stock traded up $0.05 during mid-day trading on Tuesday, reaching $7.40. 466,877 shares of the company traded hands, compared to its average volume of 613,366. The company has a fifty day moving average price of $6.70 and a 200-day moving average price of $6.30. First Foundation has a 52-week low of $4.41 and a 52-week high of $11.47. The company has a market capitalization of $418.19 million, a P/E ratio of -2.02 and a beta of 1.32. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.04 and a quick ratio of 1.04.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wedbush lowered their price objective on First Foundation from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 3rd. StockNews.com downgraded First Foundation from a "hold" rating to a "sell" rating in a research report on Friday, July 26th. DA Davidson raised shares of First Foundation from a "neutral" rating to a "buy" rating and raised their target price for the company 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 report on Wednesday, July 3rd. Finally, Piper Sandler reissued a "neutral" rating and issued a $6.00 price target on shares of First Foundation in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.80.

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.