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.

(A d)

“There are not enough semiconductor chips in the world to meet the growing demand. But due to the global chip shortage…

These four companies are well positioned to take advantage of this rapidly growing demand over the next 12 months and beyond. ”

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.

Read more

Get a Free Copy of Zacks Research Report on First Foundation (FFWM)

For more information on Zacks Investment Research’s research offerings, visit

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in First Foundation right now?

Before you consider First Foundation, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and First Foundation wasn’t on the list.

Although First Foundation currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here