Brokers Set Expectations for First Foundation Inc.’s FY2025 Earnings (NASDAQ:FFWM)

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

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

First Foundation Stock Performance

Shares of FFWM stock opened at $6.78 on Thursday. The firm has a market capitalization of $382.85 million, a PE ratio of -1.93 and a beta of 1.23. The firm has a fifty day simple moving average of $7.46 and a two-hundred day simple 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.

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

Institutional Trading of First Foundation

Several institutional investors have recently made changes to their positions in FFWM. Riverview Trust Co bought a new stake in shares of First Foundation in the 1st quarter worth $25,000. Royal Bank of Canada grew its stake in shares of First Foundation by 77.6% in the 2nd quarter. Royal Bank of Canada now owns 6,388 shares of the bank’s stock worth $25,000 after acquiring an additional 2,792 shares in the last quarter. Quarry LP bought a new stake in shares of First Foundation in the 1st quarter worth $33,000. Tower Research Capital LLC TRC grew its stake in shares of First Foundation by 461.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,322 shares of the bank’s stock worth $41,000 after acquiring an additional 8,484 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of First Foundation in the 2nd quarter worth $56,000. Institutional investors own 73.10% of the company’s stock.

Insider Transactions at First Foundation

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

First Foundation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. First Foundation’s payout ratio is -1.14%.

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.