Foundation research

First Foundation (NASDAQ:FFWM) sets new 12-month low at $20.30


Shares of First Foundation Inc. (NASDAQ: FFWMGet a rating) hit a new 52-week low during Thursday’s session. The stock traded as low as $20.30 and last traded at $20.44, with a volume of 1073 shares traded in hands. The stock previously closed at $20.92.

Several equity analysts have recently commented on the stock. B. Riley reduced his price target on First Foundation shares from $34.00 to $31.00 in a Tuesday, April 12 research note. StockNews.com purported coverage of First Foundation stock in a Thursday, March 31, research note. They issued a “holding” rating on the stock.

The company’s fifty-day moving average is $22.27 and its 200-day moving average is $24.54. The company has a market capitalization of $1.16 billion, a P/E ratio of 8.47 and a beta of 1.22. The company has a debt ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.97.

First foundation (NASDAQ: FFWMGet a rating) last released its quarterly earnings data on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.55 for the quarter, beating consensus analyst estimates of $0.51 by $0.04. The company posted revenue of $89.92 million in the quarter, compared to analyst estimates of $89.18 million. First Foundation had a net margin of 34.58% and a return on equity of 13.80%. In the same quarter last year, the company achieved EPS of $0.50. Analysts predict First Foundation Inc. will post an EPS of 2.28 for the current fiscal year.

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. The ex-dividend date was Thursday, May 5. This represents a dividend of $0.44 on an annualized basis and a yield of 2.14%. First Foundation’s dividend payout ratio (DPR) is currently 17.81%.

A number of institutional investors have recently increased or reduced their stake in the company. Bank of America Corp DE increased its stake in First Foundation by 1.3% in the 1st quarter. Bank of America Corp DE now owns 437,094 shares of the bank worth $10,618,000 after buying 5,733 additional shares in the last quarter. Phocas Financial Corp. increased its stake in First Foundation by 86.6% during the 1st quarter. Phocas Financial Corp. now owns 243,791 shares of the bank worth $5,922,000 after purchasing an additional 113,172 shares in the last quarter. Keeley Teton Advisors LLC bought a new position in First Foundation during Q1 worth approximately $3,794,000. Quantbot Technologies LP increased its position in First Foundation shares by 4,668.0% during the first quarter. Quantbot Technologies LP now owns 14,304 shares of the bank worth $347,000 after purchasing an additional 14,004 shares during the period. Finally, Guggenheim Capital LLC increased its position in First Foundation shares by 19.7% during the first quarter. Guggenheim Capital LLC now owns 47,761 shares of the bank worth $1,160,000 after purchasing an additional 7,873 shares during the period. Hedge funds and other institutional investors hold 60.50% of the company’s shares.

About First Foundation (NASDAQ: FFWM)

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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