Research Analysts Issue Forecasts for FFWM FY2025 Earnings

First Foundation Inc. (NASDAQ:FFWM) – DA Davidson decreased their FY2025 earnings per share estimates for First Foundation in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $0.53 for the year, down from their prior estimate of $0.54. The consensus estimate for First Foundation’s current full-year earnings is $0.13 per share.

A number of other brokerages have also recently issued reports on FFWM. Stephens cut shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.80.

First Foundation Stock Performance

First Foundation stock opened at $5.99 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation has a 52 week low of $4.84 and a 52 week high of $11.47. The stock has a 50 day moving average of $7.52 and a 200-day moving average of $6.70. The stock has a market cap of $493.37 million, a P/E ratio of -5.35 and a beta of 1.34.

Institutional Investors Weigh In On First Foundation

A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of First Foundation by 20.1% in the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank’s stock worth $38,063,000 after purchasing an additional 1,019,484 shares during the period. Azora Capital LP lifted its holdings in First Foundation by 8.8% in the 3rd quarter. Azora Capital LP now owns 4,090,296 shares of the bank’s stock worth $25,523,000 after buying an additional 332,252 shares during the period. Strategic Value Bank Partners LLC boosted its position in shares of First Foundation by 115.3% during the third quarter. Strategic Value Bank Partners LLC now owns 2,898,343 shares of the bank’s stock valued at $18,086,000 after purchasing an additional 1,551,861 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Foundation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,877,096 shares of the bank’s stock worth $12,294,000 after acquiring an additional 24,440 shares in the last quarter. Finally, State Street Corp boosted its position in shares of First Foundation by 2.0% during the third quarter. State Street Corp now owns 1,863,369 shares of the bank’s stock valued at $11,627,000 after buying an additional 36,338 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.