Foundation capital

First Foundation (FFWM) will release its quarterly results on Tuesday

First Foundation (NASDAQ:FFWM – Get Rating) will release its earnings data ahead of market open Tuesday, July 26. Analysts expect First Foundation to post earnings of $0.55 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.

First Foundation (NASDAQ:FFWM – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The bank reported EPS of $0.55 for the quarter, beating the consensus estimate of $0.51 by $0.04. First Foundation had a net margin of 34.58% and a return on equity of 13.80%. The company posted revenue of $89.92 million in the quarter, compared to $89.18 million expected by analysts. In the same quarter last year, the company made earnings per share of $0.50. On average, analysts expect First Foundation to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.

Stock of the first foundation up 1.7%

Shares of NASDAQ FFWM opened at $19.34 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt ratio of 0.30. First Foundation has a 52-week low of $18.31 and a 52-week high of $29.41. The company has a 50-day moving average price of $21.03 and a 200-day moving average price of $23.70. The stock has a market capitalization of $1.09 billion, a price-earnings ratio of 7.83 and a beta of 1.21.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16. Investors of record on Friday, May 6 received a dividend of $0.11. This represents an annualized dividend of $0.44 and a dividend yield of 2.28%. The ex-dividend date was Thursday, May 5. First Foundation’s dividend payout ratio (DPR) is 17.81%.

Hedge funds weigh on First Foundation

Institutional investors have recently changed their stake in the company. Raymond James & Associates increased its stake in First Foundation by 6.7% in the first quarter. Raymond James & Associates now owns 58,474 shares of the bank valued at $1,420,000 after purchasing an additional 3,671 shares during the period. UBS Group AG increased its stake in First Foundation by 57.5% in the first quarter. UBS Group AG now owns 48,834 shares of the bank valued at $1,186,000 after purchasing an additional 17,828 shares during the period. Guggenheim Capital LLC increased its stake in First Foundation by 19.7% in the first quarter. Guggenheim Capital LLC now owns 47,761 shares of the bank valued at $1,160,000 after purchasing an additional 7,873 shares during the period. Aviva PLC bought a new stake in First Foundation in the first quarter, valued at approximately $739,000. Finally, First Trust Advisors LP increased its stake in First Foundation by 37.3% in the first quarter. First Trust Advisors LP now owns 28,848 shares of the bank valued at $701,000 after purchasing an additional 7,833 shares during the period. Institutional investors and hedge funds hold 60.50% of the company’s shares.

Changes to analyst ratings

Several brokerages have recently commented on FFWM. B. Riley moved shares of First Foundation from a “buy” rating to a “neutral” rating and reduced his price target for the company from $31.00 to $21.00 in a research note from the Monday July 11. Raymond James cut his price target on First Foundation shares from $28.00 to $25.00 and set an “outperform” rating for the company in a Thursday, July 7 research report. Finally, began covering First Foundation stocks in a research report on Thursday, March 31. They set a “hold” rating for the company.

Company Profile First Foundation

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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 .

Further reading

Earnings history for First Foundation (NASDAQ:FFWM)

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