First Foundation Inc. (NASDAQ:FFWM) expects quarterly sales of $92.41 million


Analysts are forecasting that First Foundation Inc. (NASDAQ:FFWM – Get Rating) will report revenue of $92.41 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for First Foundation earnings. The lowest sales estimate is $90.20 million and the highest is $95.12 million. First Foundation reported revenue of $71.95 million for the same quarter last year, indicating a positive year-over-year growth rate of 28.4%. The company is expected to release its next quarterly report on Monday, January 1st.

According to Zacks, analysts expect First Foundation to report annual revenue of $375.88 million for the current fiscal year, with estimates ranging from $366.10 million to $387.22 million. For the next fiscal year, analysts expect the company to post revenue of $423.04 million, with estimates ranging from $404.10 million to $447.65 million. Zacks Investment Research sales calculations are averages based on a survey of research analysts covering First Foundation.

First Foundation (NASDAQ:FFWM – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The bank reported earnings per share (EPS) of $0.55 for the quarter, beating the consensus estimate of $0.51 by $0.04. First Foundation had a return on equity of 12.94% and a net margin of 34.58%. In the same quarter last year, the company earned $0.50 per share.


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FFWM has been the subject of a number of analyst reports. B. Riley cut its price target on shares of First Foundation from $34.00 to $31.00 in a report on Tuesday, April th. Zacks Investment Research upgraded the shares of First Foundation from a “sell” rating to a “hold” rating in a research report on Thursday, February 3rd. began coverage of First Foundation stock in a research report on Thursday, March 31st. You give the stock a “hold” rating. Finally, Stephens began reporting on First Foundation stock in a report on Wednesday, February 2nd. They gave the company an “overweight” rating and a target price of $32.00. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from, the stock currently has an average rating of Buy and an average price target of $31.00.

First Foundation shares opened at $22.26 on Friday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 9.01 and a beta of 1.22. The company’s 50-day moving average price is $23.04 and its 200-day moving average price is $25.17. First Foundation has a yearly low of $20.90 and a yearly high of $29.41. The company has a debt to equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.91.

The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, May 6 received a dividend of $0.11. That equates to a dividend of $0.44 on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday May 5th. The First Foundation’s payout ratio is currently 17.81%.

Hedge funds have recently changed their stock holdings. Andrew Hill Investment Advisors Inc. acquired a new position in First Foundation stock valued at approximately $48,000 during the fourth quarter. Prospera Financial Services Inc acquired a new position in First Foundation valued at $84,000 during the first quarter. Ameritas Investment Partners Inc. increased its position in First Foundation by 23.8% in the first quarter. Ameritas Investment Partners Inc. now owns 3,883 shares of the bank, valued at $94,000, after purchasing an additional 747 shares last quarter. Acadian Asset Management LLC acquired a new interest in First Foundation stock valued at approximately $165,000 during the fourth quarter. Finally, Brookmont Capital Management increased its stake in First Foundation stock by 6.7% during the fourth quarter. Brookmont Capital Management now owns 8,361 shares of the bank, valued at $208,000, having purchased an additional 526 shares during the period. 60.50% of the shares are owned by hedge funds and other institutional investors.

About the first foundation (received rating)

First Foundation Inc, through its subsidiaries, provides personal banking, business banking and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The Company offers a range of bank deposit products including personal and business checking accounts, savings accounts, interest-bearing transferable withdrawal accounts, money market accounts and time deposit certificates; and lending products consisting of multi-family and single-family residential real estate loans, commercial real estate loans and commercial term loans and lines of credit, and consumer loans such as personal installment loans and lines of credit and home equity lines of credit.

Further reading

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

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