First Foundation Inc. (NASDAQ:FFWM – Free Report) – Wedbush issued their FY2026 EPS estimates for shares of First Foundation in a research report issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini forecasts that the bank will post earnings per share of $0.55 for the year. Wedbush currently has a “Neutral” rating and a $5.00 target price on the stock. The consensus estimate for First Foundation’s current full-year earnings is ($0.06) per share.
Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Piper Sandler restated a “neutral” rating and set a $6.00 price target on shares of First Foundation in a research note on Wednesday, July 3rd. DA Davidson raised First Foundation from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.00 to $9.00 in a research report on Wednesday, July 3rd. Stephens raised their price target on shares of First Foundation from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Raymond James lowered First Foundation from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.80.
First Foundation Price Performance
Shares of FFWM stock opened at $6.17 on Wednesday. First Foundation has a twelve month low of $4.41 and a twelve month high of $11.47. The stock has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $6.38. The stock has a market capitalization of $348.68 million, a price-to-earnings ratio of -1.69 and a beta of 1.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.84.
First Foundation (NASDAQ:FFWM – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. First Foundation had a net margin of 1.34% and a return on equity of 1.07%. The firm had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $54.23 million. During the same period in the prior year, the business posted $0.07 earnings per share.
Institutional Investors Weigh In On First Foundation
Several institutional investors and hedge funds have recently added to or reduced their stakes in FFWM. Lord Abbett & CO. LLC acquired a new position in shares of First Foundation during the 1st quarter worth about $3,819,000. Azora Capital LP boosted its stake in First Foundation by 3.1% during the fourth quarter. Azora Capital LP now owns 3,033,696 shares of the bank’s stock worth $29,366,000 after buying an additional 90,840 shares during the last quarter. BHZ Capital Management LP boosted its position in shares of First Foundation by 33.7% during the 4th quarter. BHZ Capital Management LP now owns 742,355 shares of the bank’s stock valued at $7,186,000 after acquiring an additional 187,182 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of First Foundation in the 1st quarter valued at approximately $1,731,000. Finally, Elizabeth Park Capital Advisors Ltd. grew its position in First Foundation by 26.7% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 463,953 shares of the bank’s stock worth $3,039,000 after acquiring an additional 97,732 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.
About First Foundation
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.
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