Foundation research

B. Riley Trims First Foundation (NASDAQ:FFWM) Target Price at $31.00

First Foundation (NASDAQ: FFWMGet a rating) had its price target reduced by B. Riley from $34.00 to $31.00 in a report released Tuesday morning, Fly reports.

Other stock analysts have also recently published research reports on the company. Zacks Investment Research upgraded First Foundation from a sell rating to a hold rating in a Thursday, February 3, research report. Stephens began coverage of First Foundation in a report on Wednesday, February 2. They issued an overweight rating and a price target of $32.00 on the stock. To finish, began covering First Foundation in a research note on Thursday, March 31. They issued a hold note on the stock. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on MarketBeat data, First Foundation currently has a Buy consensus rating and an average price target of $30.00.

Shares of NASDAQ FFWM opened at $23.32 on Tuesday. The stock has a market capitalization of $1.32 billion, a PE ratio of 9.64 and a beta of 1.24. The stock has a fifty-day simple moving average of $25.45 and a 200-day simple moving average of $26.17. First Foundation has a 12-month minimum of $20.30 and a 12-month maximum of $29.41. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt ratio of 0.20.

First Foundation (NASDAQ: FFWMGet a rating) last announced its quarterly results on Monday, January 31. The bank reported earnings per share (EPS) of $0.51 for the quarter, beating the Zacks consensus estimate 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 in the quarter, versus a consensus estimate of $74.40 million. During the same period of the previous year, the company achieved EPS of $0.50. On average, stock analysts predict that First Foundation will post earnings per share of 2.32 for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 17. Shareholders 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. The ex-dividend date was Wednesday, February 9. This represents an annualized dividend of $0.44 and a dividend yield of 1.89%. First Foundation’s dividend payout ratio (DPR) is currently 18.18%.

In other First Foundation news, Director Diane M. Rubin bought 1,000 shares of the company in a transaction dated 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders of the company hold 12.60% of the shares of the company.

A number of institutional investors have recently bought and sold shares of FFWM. Andrew Hill Investment Advisors Inc. acquired a new stake in First Foundation stock in Q4 worth $48,000. Acadian Asset Management LLC purchased a new position in First Foundation stock during Q4 for a value of approximately $165,000. Brookmont Capital Management increased its equity stake in First Foundation by 6.7% during the fourth quarter. Brookmont Capital Management now owns 8,361 shares of the bank worth $208,000 after purchasing an additional 526 shares during the period. Los Angeles Capital Management LLC purchased a new stock position in First Foundation during Q3 for a value of approximately $216,000. Finally, ProShare Advisors LLC purchased a new stake in First Foundation in the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 69.39% of the company’s shares.

About First Foundation (Get a rating)

First Foundation Inc, through its subsidiaries, provides retail, corporate and private wealth management banking services in the United States. It operates through two segments, Banking and Wealth Management. The Company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable promissory withdrawal accounts, money market accounts and term deposit certificates; and lending products consisting of multi-family and single-family residential real estate loans, commercial real estate loans and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit , and home equity lines of credit .

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