First Foundation (NASDAQ:FFWM – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Analysis on First Foundation
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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