First Foundation (FFWM) to Release Quarterly Earnings on Thursday

First Foundation (NASDAQ:FFWM) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last posted its earnings results on Thursday, January 25th. The bank reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. First Foundation had a positive return on equity of 1.80% and a negative net margin of 31.95%. The firm had revenue of $56.37 million for 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 Down 0.9 %

FFWM opened at $6.36 on Thursday. First Foundation has a 12 month low of $3.69 and a 12 month high of $11.47. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $359.15 million, a P/E ratio of -1.81 and a beta of 1.23. The stock’s 50 day moving average price is $7.53 and its 200 day moving average price is $7.44.

First Foundation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, February 2nd. First Foundation’s dividend payout ratio is currently -1.14%.

Analyst Upgrades and Downgrades

FFWM has been the topic of several analyst reports. Wedbush raised their target price on First Foundation from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Raymond James upgraded First Foundation from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $9.50 to $12.00 in a research report on Friday, January 5th.

Insider Buying and Selling at First Foundation

In other First Foundation news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $8.16, for a total transaction of $204,000.00. Following the completion of the transaction, the chairman now directly owns 1,230,622 shares of the company’s stock, valued at approximately $10,041,875.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Foundation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFWM. First Trust Advisors LP boosted its stake in First Foundation by 877.0% during the 1st quarter. First Trust Advisors LP now owns 1,591,983 shares of the bank’s stock valued at $11,860,000 after purchasing an additional 1,429,037 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in First Foundation by 270.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,090,497 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 796,270 shares in the last quarter. BlackRock Inc. boosted its stake in shares of First Foundation by 22.1% during the 1st quarter. BlackRock Inc. now owns 3,817,772 shares of the bank’s stock worth $92,735,000 after acquiring an additional 691,494 shares in the last quarter. rhino investment partners Inc bought a new stake in shares of First Foundation during the 4th quarter worth $9,629,000. Finally, Vanguard Group Inc. boosted its stake in shares of First Foundation by 26.0% during the 1st quarter. Vanguard Group Inc. now owns 2,506,062 shares of the bank’s stock worth $60,872,000 after acquiring an additional 517,634 shares in the last quarter. 73.10% of the stock is owned by institutional investors.

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.