First Foundation (NASDAQ:FFWM) posted its earnings results on Wednesday, April 24th. The bank reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25, MarketWatch Earnings reports. The business had revenue of $49.51 million during the quarter, compared to the consensus estimate of $50.83 million. First Foundation had a return on equity of 9.54% and a net margin of 17.42%.
Shares of NASDAQ FFWM opened at $13.68 on Friday. First Foundation has a 12-month low of $11.79 and a 12-month high of $20.43. The firm has a market capitalization of $619.34 million, a P/E ratio of 11.69, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.08 and a quick ratio of 0.95.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.20 annualized dividend and a yield of 1.46%. First Foundation’s dividend payout ratio is currently 17.09%.
FFWM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered First Foundation from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. BidaskClub downgraded First Foundation from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. Finally, ValuEngine downgraded First Foundation from a “sell” rating to a “strong sell” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.08.
About First Foundation
First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily 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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