Foundation capital

Zacks: Analysts expect First Foundation Inc. (NASDAQ:FFWM) to post quarterly sales of $89.23 million

Wall Street analysts expect First Foundation Inc. (NASDAQ:FFWM – Get Rating) to report revenue of $89.23 million for the current quarter, according to Zacks. Four analysts have made estimates of First Foundation’s earnings, with the lowest sales estimate of $88.20 million and the highest estimate of $90.80 million. First Foundation recorded sales of $66.14 million in the same quarter last year, which would indicate a positive growth rate of 34.9% year over year. The company is expected to announce its next earnings report on Tuesday, April 26.

According to Zacks, analysts expect First Foundation to report full-year sales of $375.68 million for the current fiscal year, with estimates ranging from $364.50 to $385.50 million. For next year, analysts expect the company to record sales of $409.73 million, with estimates ranging from $387.30 million to $430.51 million. Zacks sales averages are an average average based on a survey of research companies that provide coverage for First Foundation.

First Foundation (NASDAQ:FFWM – Get Rating) last released its results on Monday, January 31. The bank reported EPS of $0.51 for the quarter, beating the consensus estimate of $0.40 by $0.11. The company posted revenue of $75.79 million in the quarter, versus a consensus estimate of $74.40 million. First Foundation had a return on equity of 14.83% and a net margin of 34.47%. In the same quarter last year, the company achieved EPS of $0.50.

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Several equity research analysts have commented on FFWM shares. Zacks Investment Research upgraded First Foundation from a “sell” rating to a “hold” rating in a Thursday, February 3, report. Stephens launched the First Foundation coverage in a research report on Wednesday, February 2. They set an “overweight” rating and a price target of $32.00 for the company.

In other news, Director Diane M. Rubin bought 1,000 shares in a trade on Monday, February 7. The stock was purchased at an average price of $26.53 per share, with a total value of $26,530.00. The purchase was disclosed in a legal filing with the SEC, accessible via the SEC’s website. 12.60% of the shares are held by insiders of the company.

Several institutional investors have recently changed their stake in the company. Andrew Hill Investment Advisors Inc. acquired a new stake in First Foundation in the fourth quarter worth approximately $48,000. Acadian Asset Management LLC bought a new position in First Foundation in the fourth quarter worth $165,000. Western Financial Corporation acquired a new position in First Foundation in the third quarter worth $209,000. Los Angeles Capital Management LLC acquired a new position in First Foundation in the third quarter worth $216,000. Finally, Brookmont Capital Management increased its stake in First Foundation by 6.7% in the fourth quarter. Brookmont Capital Management now owns 8,361 shares of the bank valued at $208,000 after acquiring 526 additional shares last quarter. Institutional investors and hedge funds hold 69.39% of the company’s shares.

First Foundation shares opened at $25.34 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 10.47 and a beta of 1.27. First Foundation has a one-year minimum of $20.30 and a one-year maximum of $29.41. The company’s 50-day simple moving average is $26.25 and its two-hundred-day simple moving average is $26.10. The company has a debt ratio of 0.02, a current ratio of 0.94 and a quick ratio of 0.87.

The company also recently announced 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 represents an annualized dividend of $0.44 and a yield of 1.74%. The ex-dividend date was Wednesday, February 9. This is a boost from First Foundation’s previous quarterly dividend of $0.09. First Foundation’s dividend payout ratio (DPR) is 18.18%.

First Foundation Company Profile (Get a rating)

First Foundation, Inc is a bank holding company that provides a comprehensive platform of financial services to individuals, businesses and organizations. It operates through the following segments: Banking and Wealth Management. The company was founded by John Avak Hakopian and Ulrich Emanuel Keller, Jr.

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

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