DA Davidson Analysts Decrease Earnings Estimates for FFWM

First Foundation Inc. (NASDAQ:FFWM) – DA Davidson decreased their Q1 2025 earnings estimates for First Foundation in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for First Foundation’s current full-year earnings is $0.28 per share. DA Davidson also issued estimates for First Foundation’s FY2025 earnings at $0.22 EPS and FY2026 earnings at $0.46 EPS.

Separately, Piper Sandler dropped their price objective on First Foundation from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.75.

First Foundation Stock Performance

Shares of First Foundation stock opened at $4.76 on Thursday. First Foundation has a 52 week low of $4.52 and a 52 week high of $8.52. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $391.65 million, a price-to-earnings ratio of -3.55 and a beta of 1.35. The firm has a fifty day moving average of $5.12 and a two-hundred day moving average of $6.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of First Foundation by 12.4% during the third quarter. The Manufacturers Life Insurance Company now owns 23,338 shares of the bank’s stock worth $146,000 after purchasing an additional 2,579 shares during the period. Empowered Funds LLC raised its holdings in First Foundation by 5.2% during the 4th quarter. Empowered Funds LLC now owns 55,382 shares of the bank’s stock worth $344,000 after buying an additional 2,722 shares during the period. Bridgeway Capital Management LLC lifted its stake in First Foundation by 5.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 55,382 shares of the bank’s stock valued at $344,000 after buying an additional 2,722 shares in the last quarter. SG Americas Securities LLC lifted its stake in First Foundation by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 54,309 shares of the bank’s stock valued at $337,000 after buying an additional 2,926 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of First Foundation by 22.7% during the fourth quarter. Intech Investment Management LLC now owns 20,537 shares of the bank’s stock worth $128,000 after acquiring an additional 3,794 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors.

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.