Equities research analysts expect First Foundation Inc (NASDAQ:FFWM) to announce sales of $50.45 million for the current quarter, Zacks reports. Four analysts have provided estimates for First Foundation’s earnings, with the lowest sales estimate coming in at $49.20 million and the highest estimate coming in at $51.60 million. First Foundation reported sales of $43.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is scheduled to announce its next earnings results on Monday, July 29th.

According to Zacks, analysts expect that First Foundation will report full year sales of $212.44 million for the current fiscal year, with estimates ranging from $209.90 million to $213.80 million. For the next financial year, analysts anticipate that the business will report sales of $232.34 million, with estimates ranging from $229.00 million to $234.40 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for First Foundation.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $49.51 million for 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%.

A number of analysts recently commented on the company. BidaskClub cut First Foundation from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Zacks Investment Research cut First Foundation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. Finally, ValuEngine cut First Foundation from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. First Foundation presently has an average rating of “Hold” and a consensus target price of $19.08.

First Foundation stock traded down $0.41 during mid-day trading on Friday, reaching $13.44. 76,674 shares of the stock traded hands, compared to its average volume of 152,628. The stock has a market cap of $599.71 million, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 1.08. First Foundation has a 12-month low of $11.79 and a 12-month high of $20.43.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, May 31st. First Foundation’s payout ratio is 17.09%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in First Foundation by 6.6% in the first quarter. FMR LLC now owns 4,000,694 shares of the bank’s stock worth $54,289,000 after buying an additional 247,100 shares in the last quarter. BlackRock Inc. increased its position in First Foundation by 6.9% in the fourth quarter. BlackRock Inc. now owns 2,636,417 shares of the bank’s stock worth $33,906,000 after buying an additional 170,228 shares in the last quarter. Dimensional Fund Advisors LP increased its position in First Foundation by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,814,536 shares of the bank’s stock worth $24,624,000 after buying an additional 212,170 shares in the last quarter. Vanguard Group Inc increased its position in First Foundation by 6.8% in the third quarter. Vanguard Group Inc now owns 1,550,515 shares of the bank’s stock worth $24,218,000 after buying an additional 98,604 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in First Foundation by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,550,515 shares of the bank’s stock worth $24,218,000 after buying an additional 98,604 shares in the last quarter. Institutional investors and hedge funds own 62.40% of the company’s stock.

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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Earnings History and Estimates for First Foundation (NASDAQ:FFWM)

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