First Foundation Inc. Expected to Post Q4 2021 Earnings of $0.50 Per Share (NASDAQ:FFWM)

First Foundation Inc. (NASDAQ:FFWM) – Stock analysts at Wedbush increased their Q4 2021 earnings per share estimates for shares of First Foundation in a research note issued on Thursday, June 3rd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $0.50 per share for the quarter, up from their previous estimate of $0.49. Wedbush also issued estimates for First Foundation’s FY2022 earnings at $2.30 EPS.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings results on Tuesday, April 27th. The bank reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. First Foundation had a return on equity of 13.72% and a net margin of 31.53%.

FFWM has been the subject of several other research reports. B. Riley boosted their price target on First Foundation from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Zacks Investment Research cut First Foundation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 2nd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. First Foundation has an average rating of “Buy” and an average price target of $24.75.

Shares of NASDAQ FFWM opened at $25.07 on Monday. The company has a market cap of $1.12 billion, a PE ratio of 12.00 and a beta of 1.56. The firm has a 50 day moving average price of $24.10. First Foundation has a 52 week low of $12.29 and a 52 week high of $25.81. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 0.02.

Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of First Foundation by 690.6% in the first quarter. Captrust Financial Advisors now owns 1,178 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,029 shares during the period. Dorsey Wright & Associates boosted its position in shares of First Foundation by 134.8% in the first quarter. Dorsey Wright & Associates now owns 1,655 shares of the bank’s stock valued at $39,000 after acquiring an additional 950 shares during the period. Lazard Asset Management LLC bought a new stake in shares of First Foundation in the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of First Foundation in the first quarter valued at approximately $76,000. Finally, Royal Bank of Canada boosted its position in shares of First Foundation by 218.2% in the first quarter. Royal Bank of Canada now owns 5,429 shares of the bank’s stock valued at $127,000 after acquiring an additional 3,723 shares during the period. 63.67% of the stock is owned by institutional investors.

In other First Foundation news, insider John Hakopian sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $25.25, for a total transaction of $252,500.00. Following the completion of the sale, the insider now owns 43,686 shares of the company’s stock, valued at $1,103,071.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.90% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Friday, May 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.44%. First Foundation’s payout ratio is currently 19.15%.

About First Foundation

First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates through 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 certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and 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.

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

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