First Foundation Inc. (NASDAQ:FFWM – Get Rating) – DA Davidson released its second quarter 2022 EPS estimates for First Foundation stock in a note to investors on Wednesday, April 27. DA Davidson analyst G. Tenner expects the bank to post earnings per share of $0.58 for the quarter.
Other research analysts have also recently published reports on the company. StockNews.com began covering First Foundation in a research report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research upgraded First Foundation from a “sell” rating to a “hold” rating in a Thursday, February 3, research report. B. Riley reduced his price target on First Foundation from $34.00 to $31.00 in a Tuesday, April 12 research report. Finally, 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. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of FFWM opened at $22.29 on Thursday. The stock has a 50-day moving average of $24.75 and a 200-day moving average of $25.93. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt ratio of 0.20. The stock has a market capitalization of $1.26 billion, a P/E ratio of 9.21 and a beta of 1.24. First Foundation has a 12-month minimum of $21.25 and a 12-month maximum of $29.41.
First Foundation (NASDAQ:FFWM – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.55 for the quarter, beating the consensus estimate of $0.51 by $0.04. First Foundation had a return on equity of 13.36% and a net margin of 34.47%. In the same period of the previous year, the company had earned earnings per share of $0.50.
Major investors have recently changed their stake in the company. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of First Foundation in the fourth quarter worth approximately $48,000. Acadian Asset Management LLC acquired a new stake in First Foundation stock in the fourth quarter worth approximately $165,000. Los Angeles Capital Management LLC acquired a new equity stake in First Foundation in the third quarter worth approximately $216,000. Brookmont Capital Management increased its position 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 buying 526 more shares last quarter. Finally, ProShare Advisors LLC purchased a new position in First Foundation during the fourth quarter worth approximately $216,000. 69.39% of the shares are currently held by hedge funds and other institutional investors.
In other First Foundation news, Director Diane M. Rubin acquired 1,000 shares of the company in a transaction on Monday, February 7. The shares were purchased at an average cost of $26.53 per share, with a total value of $26,530.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 13.90% of the shares are currently held by insiders of the company.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16. Shareholders of record on Friday, May 6 will receive a dividend of $0.11. This represents an annualized dividend of $0.44 and a yield of 1.97%. The ex-dividend date is Thursday, May 5. First Foundation’s payout ratio is currently 18.18%.
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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