Research Analysts Offer Predictions for First Foundation Inc’s FY2018 Earnings (FFWM)

First Foundation Inc (NASDAQ:FFWM) – Stock analysts at DA Davidson increased their FY2018 earnings estimates for First Foundation in a research note issued to investors on Wednesday, October 24th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.07 per share for the year, up from their prior forecast of $0.98. DA Davidson also issued estimates for First Foundation’s Q4 2018 earnings at $0.29 EPS.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of First Foundation from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Sandler O’Neill lowered shares of First Foundation from a “buy” rating to a “hold” rating and set a $21.50 price objective for the company. in a report on Tuesday, July 31st. BidaskClub upgraded shares of First Foundation from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 5th. TheStreet lowered shares of First Foundation from a “b” rating to a “c+” rating in a report on Friday, August 10th. Finally, B. Riley set a $19.00 price objective on shares of First Foundation and gave the company a “buy” rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.90.



FFWM stock opened at $15.97 on Monday. The stock has a market capitalization of $702.80 million, a PE ratio of 16.46, a P/E/G ratio of 2.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.13 and a quick ratio of 1.00. First Foundation has a 12 month low of $14.00 and a 12 month high of $20.43.

First Foundation (NASDAQ:FFWM) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $54.83 million during the quarter, compared to analysts’ expectations of $49.89 million. First Foundation had a net margin of 13.75% and a return on equity of 10.12%.

In other First Foundation news, Director Max Briggs acquired 7,400 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $16.38 per share, for a total transaction of $121,212.00. Following the acquisition, the director now directly owns 8,510 shares in the company, valued at $139,393.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Ulrich E. Keller, Jr. sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $17.01, for a total transaction of $159,894.00. Following the completion of the transaction, the chairman now owns 20,000 shares of the company’s stock, valued at approximately $340,200. The disclosure for this sale can be found here. In the last quarter, insiders purchased 13,900 shares of company stock valued at $224,822. 14.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its holdings in First Foundation by 26.1% during the 2nd quarter. FMR LLC now owns 3,968,414 shares of the bank’s stock worth $73,574,000 after purchasing an additional 820,394 shares during the last quarter. BlackRock Inc. raised its holdings in First Foundation by 21.8% during the 2nd quarter. BlackRock Inc. now owns 1,974,768 shares of the bank’s stock worth $36,612,000 after purchasing an additional 353,161 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in First Foundation by 39.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,001,365 shares of the bank’s stock worth $18,566,000 after purchasing an additional 282,455 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in First Foundation by 6.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 939,059 shares of the bank’s stock worth $17,410,000 after purchasing an additional 55,610 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its holdings in First Foundation by 1.8% during the 2nd quarter. Emerald Advisers Inc. PA now owns 670,035 shares of the bank’s stock worth $12,422,000 after purchasing an additional 12,080 shares during the last quarter. Institutional investors and hedge funds own 55.82% of the company’s stock.

First Foundation Company Profile

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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