DA Davidson Has Negative Outlook for FFWM FY2025 Earnings

First Foundation Inc. (NASDAQ:FFWM) – Investment analysts at DA Davidson dropped their FY2025 earnings estimates for First Foundation in a research note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $0.53 per share for the year, down from their prior forecast of $0.54. The consensus estimate for First Foundation’s current full-year earnings is $0.13 per share.

Other equities research analysts also recently issued reports about the stock. Stephens downgraded shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. StockNews.com downgraded First Foundation from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.80.

First Foundation Price Performance

Shares of FFWM opened at $6.21 on Friday. The firm has a market capitalization of $511.49 million, a PE ratio of -5.54 and a beta of 1.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The company’s 50-day moving average is $7.50 and its 200-day moving average is $6.71. First Foundation has a fifty-two week low of $4.84 and a fifty-two week high of $11.47.

Institutional Investors Weigh In On First Foundation

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of First Foundation by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,759 shares of the bank’s stock worth $136,000 after buying an additional 1,632 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of First Foundation by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 52,660 shares of the bank’s stock valued at $329,000 after acquiring an additional 2,680 shares in the last quarter. Creative Planning increased its holdings in First Foundation by 35.8% in the 3rd quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after purchasing an additional 4,336 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of First Foundation by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 132,807 shares of the bank’s stock valued at $829,000 after purchasing an additional 4,820 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of First Foundation by 28.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,425 shares of the bank’s stock worth $173,000 after purchasing an additional 5,790 shares during the last quarter. 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.