Brokers Set Expectations for First Foundation Inc.’s FY2025 Earnings (NASDAQ:FFWM)

First Foundation Inc. (NASDAQ:FFWM) – Investment analysts at DA Davidson lifted their FY2025 earnings estimates for shares of First Foundation in a research report issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.21 for the year, up from their previous forecast of $1.20. The consensus estimate for First Foundation’s current full-year earnings is $0.28 per share.

First Foundation (NASDAQ:FFWM) last announced its earnings results on Thursday, January 25th. The bank reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $56.37 million for the quarter, compared to the consensus estimate of $62.03 million. First Foundation had a negative net margin of 31.95% and a positive return on equity of 1.80%.

Several other research analysts also recently issued reports on the stock. Wedbush boosted their price objective on shares of First Foundation from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Raymond James upgraded shares of First Foundation from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $9.50 to $12.00 in a report on Friday, January 5th.

First Foundation Stock Performance

Shares of FFWM opened at $6.78 on Thursday. The company has a market capitalization of $382.85 million, a PE ratio of -1.93 and a beta of 1.23. First Foundation has a one year low of $3.69 and a one year high of $11.47. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $7.46 and its 200 day moving average price is $7.44.

First Foundation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. First Foundation’s payout ratio is -1.14%.

Insider Transactions at First Foundation

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $8.16, for a total transaction of $204,000.00. Following the transaction, the chairman now owns 1,230,622 shares in the company, valued at approximately $10,041,875.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Trading of First Foundation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in First Foundation by 8.1% in the third quarter. BlackRock Inc. now owns 4,267,481 shares of the bank’s stock valued at $77,411,000 after acquiring an additional 321,560 shares during the period. Azora Capital LP increased its stake in First Foundation by 3.1% in the fourth quarter. Azora Capital LP now owns 3,033,696 shares of the bank’s stock valued at $29,366,000 after acquiring an additional 90,840 shares during the period. Vanguard Group Inc. increased its stake in First Foundation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,828,844 shares of the bank’s stock valued at $27,383,000 after acquiring an additional 16,820 shares during the period. Dimensional Fund Advisors LP increased its stake in First Foundation by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,471,899 shares of the bank’s stock valued at $18,416,000 after acquiring an additional 153,418 shares during the period. Finally, Macquarie Group Ltd. increased its stake in First Foundation by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,851,907 shares of the bank’s stock valued at $26,538,000 after acquiring an additional 47,717 shares during the period. Institutional investors own 73.10% of the company’s stock.

About First Foundation

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, commercial term loans, and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits.