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Third Quarter 2022 Earnings Estimate for First Foundation Inc. Published by B. Riley (NASDAQ:FFWM)

First Foundation Inc. (NASDAQ: FFWMGet a rating) – B. Riley analysts lowered their third quarter 2022 earnings per share estimates for First Foundation in a research report delivered to clients and investors on Monday, July 11. B. Riley analyst S. Moss now expects the bank to post earnings per share of $0.61 for the quarter, down from its previous estimate of $0.62. B. Riley currently has a “Neutral” rating and a price target of $21.00 on the stock. First Foundation’s current annual earnings consensus estimate is $2.26 per share. B. Riley also released estimates of First Foundation’s earnings for fiscal year 2022 at $2.29 EPS.

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 the consensus estimate of $0.51 by $0.04. The company posted revenue of $89.92 million for the quarter, versus analyst estimates of $89.18 million. First Foundation had a return on equity of 13.80% and a net margin of 34.58%. In the same quarter last year, the company posted earnings per share of $0.50.

Other stock analysts have also published research reports on the company. began covering First Foundation in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Raymond James lowered its price target on First Foundation from $28.00 to $25.00 and set an “outperform” rating on the stock in a Thursday, July 7 report.

NASDAQ FFWM opened at $19.40 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 $19.33 and a 52-week high of $29.41. The company’s 50-day moving average price is $21.28 and its 200-day moving average price is $23.88. The company has a market capitalization of $1.10 billion, a P/E ratio of 7.85 and a beta of 1.21.

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 2.27%. First Foundation’s payout ratio is currently 17.81%.

A number of large investors have recently changed their positions in FFWM. UBS Asset Management Americas Inc. increased its position in First Foundation by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 20,424 shares of the bank valued at $537,000 after purchasing an additional 603 shares during the period. Western Financial Corporation increased its position in First Foundation by 38.3% in the fourth quarter. Western Financial Corporation now owns 11,000 shares of the bank valued at $273,000 after buying 3,046 additional shares during the period. Andrew Hill Investment Advisors Inc. acquired a new stake in First Foundation in the fourth quarter valued at approximately $48,000. Brookmont Capital Management increased its position in First Foundation shares by 6.7% during the fourth quarter. Brookmont Capital Management now owns 8,361 shares of the bank valued at $208,000 after acquiring an additional 526 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new equity stake in First Foundation during Q4 valued at approximately $9,476,000. Hedge funds and other institutional investors hold 60.50% of the company’s shares.

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

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