First Foundation (FFWM) Set to Announce Earnings on Thursday

First Foundation (NASDAQ:FFWM) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect First Foundation to post earnings of $0.01 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. First Foundation had a negative net margin of 31.95% and a positive return on equity of 1.80%. The company had revenue of $56.37 million during the quarter, compared to analysts’ expectations of $62.03 million. On average, analysts expect First Foundation to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Foundation Stock Up 2.4 %

FFWM stock opened at $6.92 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.05 and a quick ratio of 1.05. First Foundation has a 52-week low of $3.69 and a 52-week high of $11.47. The company has a 50-day moving average of $7.44 and a two-hundred day moving average of $7.48. The stock has a market capitalization of $391.05 million, a price-to-earnings ratio of -1.97 and a beta of 1.23.

First Foundation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 2nd. First Foundation’s dividend payout ratio (DPR) is -1.14%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FFWM shares. Raymond James upgraded shares of First Foundation from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $9.50 to $12.00 in a research note on Friday, January 5th. Wedbush increased their target price on shares of First Foundation from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, January 26th.

Insider Activity at First Foundation

In related news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $8.16, for a total value of $204,000.00. Following the completion of the sale, the chairman now owns 1,230,622 shares in the company, valued at $10,041,875.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.20% of the stock is owned by corporate insiders.

First Foundation Company Profile

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.