First Foundation Inc (NASDAQ:FFWM) – Stock analysts at B. Riley lowered their Q4 2019 EPS estimates for shares of First Foundation in a report issued on Thursday, July 11th. B. Riley analyst S. Moss now anticipates that the bank will post earnings per share of $0.33 for the quarter, down from their previous estimate of $0.34.
First Foundation (NASDAQ:FFWM) last issued its earnings results on Wednesday, April 24th. The bank reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $49.51 million during the quarter, compared to analyst estimates of $50.83 million. First Foundation had a return on equity of 9.54% and a net margin of 17.42%.
Shares of NASDAQ FFWM opened at $14.12 on Friday. The company has a fifty day moving average price of $13.47. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $621.57 million, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. First Foundation has a one year low of $11.79 and a one year high of $18.98.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new position in First Foundation during the fourth quarter worth $33,000. Phocas Financial Corp. acquired a new position in First Foundation during the fourth quarter worth $41,000. Advisory Services Network LLC acquired a new position in First Foundation during the first quarter worth $43,000. BNP Paribas Arbitrage SA raised its stake in First Foundation by 71,972.7% during the first quarter. BNP Paribas Arbitrage SA now owns 7,928 shares of the bank’s stock worth $108,000 after acquiring an additional 7,917 shares in the last quarter. Finally, Triad Investment Management acquired a new position in First Foundation during the first quarter worth $136,000. Hedge funds and other institutional investors own 60.92% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 31st. This represents a $0.20 annualized dividend and a yield of 1.42%. First Foundation’s dividend payout ratio is currently 17.09%.
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.
Read More: When is a capital gain realized?
Receive News & Ratings for First Foundation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Foundation and related companies with MarketBeat.com's FREE daily email newsletter.