Foundation capital

$89.23 million in sales expected for First Foundation Inc. (NASDAQ:FFWM) this quarter

Equity research analysts expect First Foundation Inc. (NASDAQ:FFWM – Get Rating) to report sales of $89.23 million for the current fiscal quarter, reports Zacks Investment Research. Four analysts provided earnings estimates for First Foundation, with the lowest sales estimate of $88.20 million and the highest estimate of $90.80 million. First Foundation recorded sales of $66.14 million in the same quarter last year, suggesting a positive year-over-year growth rate of 34.9%. The company is due to release its next results on Monday, January 1.

According to Zacks, analysts expect First Foundation to report annual sales of $375.68 million for the current fiscal year, with estimates ranging from $364.50 to $385.50 million. For the next fiscal year, analysts expect the company to post sales of $409.73 million, with estimates ranging from $387.30 million to $430.51 million. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research analysts who track First Foundation.

First Foundation (NASDAQ:FFWM – Get Rating) last announced its results on Monday, January 31. The bank reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates of $0.40 by $0.11. First Foundation had a return on equity of 13.36% and a net margin of 34.47%. The company posted revenue of $75.79 million for the quarter, versus analyst estimates of $74.40 million. In the same quarter of the previous year, the company had earned earnings per share of $0.50.

(A d)

“Options Basics” is the complete new traders toolkit, full of plain English instructions, real-life examples and simple, reliable tactics to get you started!

Several research companies have recently published reports on FFWM. Stephens began covering First Foundation in a research report on Wednesday, February 2. They set an “overweight” rating and a price target of $32.00 for the company. Zacks Investment Research upgraded shares of First Foundation from a “sell” rating to a “hold” rating in a Thursday, Feb. 3 research report.

In addition, director Diane M. Rubin acquired 1,000 shares of the company in a transaction that took place on Monday, February 7. The shares were purchased at an average price of $26.53 per share, with a total value of $26,530.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.90% of the company’s shares.

Several hedge funds have recently bought and sold shares of FFWM. Brookmont Capital Management increased its stake in First Foundation shares by 6.7% during the fourth quarter. Brookmont Capital Management now owns 8,361 shares of the bank worth $208,000 after buying 526 more shares last quarter. UBS Asset Management Americas Inc. increased its holdings in First Foundation by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 20,424 shares of the bank worth $537,000 after purchasing an additional 603 shares during the period. Deutsche Bank AG increased its stake in First Foundation by 2.9% during the fourth quarter. Deutsche Bank AG now owns 27,626 shares of the bank valued at $687,000 after buying an additional 767 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings of First Foundation stock by 2.3% in the second quarter. Parametric Portfolio Associates LLC now owns 36,527 shares of the bank worth $822,000 after purchasing an additional 818 shares during the period. Finally, First Trust Advisors LP raised its position in First Foundation shares by 6.7% in the fourth quarter. First Trust Advisors LP now owns 21,015 shares of the bank worth $522,000 after buying 1,314 more shares in the last quarter. Institutional investors and hedge funds hold 69.39% of the company’s shares.

The Foundation’s first shares opened at $25.41 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt ratio of 0.20. First Foundation has a 52-week minimum of $20.30 and a 52-week maximum of $29.41. The company has a market capitalization of $1.43 billion, a PE ratio of 10.50 and a beta of 1.27. The company’s 50-day moving average is $25.97 and its two-hundred-day moving average is $26.23.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 17. Investors of record on Thursday, February 10 received a dividend of $0.11 per share. This is a boost from First Foundation’s previous quarterly dividend of $0.09. This represents an annualized dividend of $0.44 and a yield of 1.73%. The ex-dividend date was Wednesday, February 9. First Foundation’s dividend payout ratio is currently 18.18%.

First Foundation Company Profile (Get an evaluation)

First Foundation, Inc is a bank holding company that provides a comprehensive platform of financial services to individuals, businesses and organizations. It operates through the following segments: Banking and Wealth Management. The company was founded by John Avak Hakopian and Ulrich Emanuel Keller, Jr.

Read more

Get a Free Copy of Zacks Research Report on First Foundation (FFWM)

For more information on Zacks Investment Research’s research offerings, visit

Earnings history and estimates for First Foundation (NASDAQ:FFWM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in First Foundation right now?

Before you consider First Foundation, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and First Foundation wasn’t on the list.

Although First Foundation currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here