Research Analysts Offer Predictions for FFWM FY2025 Earnings

First Foundation Inc. (NASDAQ:FFWM - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of First Foundation in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $0.53 per share for the year, down from their prior forecast of $0.54. The consensus estimate for First Foundation's current full-year earnings is $0.13 per share.

FFWM has been the topic of several other research reports. StockNews.com cut First Foundation from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Stephens lowered shares of First Foundation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.80.

First Foundation Trading Up 3.7 %

First Foundation stock traded up $0.22 during mid-day trading on Friday, hitting $6.21. 1,622,932 shares of the company's stock were exchanged, compared to its average volume of 600,242. First Foundation has a fifty-two week low of $4.84 and a fifty-two week high of $11.47. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $511.49 million, a P/E ratio of -5.54 and a beta of 1.34. The company's 50 day simple moving average is $7.52 and its 200-day simple moving average is $6.70.

Hedge Funds Weigh In On First Foundation

Several hedge funds and other institutional investors have recently made changes to their positions in FFWM. Charles Schwab Investment Management Inc. lifted its stake in First Foundation by 21.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 503,824 shares of the bank's stock valued at $3,144,000 after acquiring an additional 90,612 shares during the last quarter. Strategic Value Bank Partners LLC raised its holdings in shares of First Foundation by 115.3% in the 3rd quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank's stock valued at $18,086,000 after purchasing an additional 1,551,861 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in First Foundation in the 2nd quarter valued at about $563,000. FMR LLC grew its holdings in First Foundation by 20.1% during the third quarter. FMR LLC now owns 6,099,900 shares of the bank's stock worth $38,063,000 after purchasing an additional 1,019,484 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. increased its position in First Foundation by 26.7% during the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 463,953 shares of the bank's stock worth $3,039,000 after buying an additional 97,732 shares during the last quarter. 73.10% of the stock is owned by 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.