First Foundation (FFWM) to Release Quarterly Earnings on Tuesday

First Foundation (NASDAQ:FFWM) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $54.23 million. First Foundation had a net margin of 1.34% and a return on equity of 1.07%. During the same quarter last year, the firm posted $0.07 earnings per share. On average, analysts expect First Foundation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Foundation Stock Down 4.9 %

Shares of NASDAQ:FFWM opened at $7.24 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.84. The company has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $6.31. The firm has a market cap of $491.23 million, a PE ratio of 41.11 and a beta of 1.32. First Foundation has a 12-month low of $4.41 and a 12-month high of $11.47.

Wall Street Analyst Weigh In

FFWM has been the subject of a number of research analyst reports. Raymond James lowered shares of First Foundation from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 3rd. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Piper Sandler restated a “neutral” rating and issued a $6.00 price target on shares of First Foundation in a research note on Wednesday, July 3rd. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, DA Davidson upgraded shares of First Foundation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $9.00 in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.80.

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.