What is DA Davidson’s Forecast for FFWM Q4 Earnings?

First Foundation Inc. (NASDAQ:FFWM) – Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for shares of First Foundation in a research report issued on Wednesday, October 30th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $0.06 per share for the quarter. The consensus estimate for First Foundation’s current full-year earnings is ($0.13) per share.

FFWM has been the subject of several other research reports. StockNews.com raised shares of First Foundation from a “sell” rating to a “hold” rating in a research report on Wednesday. Stephens downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.80.

First Foundation Price Performance

NASDAQ FFWM opened at $6.71 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $455.27 million, a price-to-earnings ratio of -5.99 and a beta of 1.32. The business has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $6.32. First Foundation has a 52-week low of $4.71 and a 52-week high of $11.47.

Hedge Funds Weigh In On First Foundation

Large investors have recently modified their holdings of the business. Hollencrest Capital Management raised its stake in shares of First Foundation by 76.5% during the 3rd quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after purchasing an additional 8,600 shares in the last quarter. FLC Capital Advisors increased its holdings in First Foundation by 7.0% during the third quarter. FLC Capital Advisors now owns 135,861 shares of the bank’s stock worth $848,000 after buying an additional 8,864 shares during the last quarter. Creative Planning raised its position in First Foundation by 35.8% during the third quarter. Creative Planning now owns 16,463 shares of the bank’s stock worth $103,000 after acquiring an additional 4,336 shares in the last quarter. SG Americas Securities LLC lifted its stake in First Foundation by 108.1% in the third quarter. SG Americas Securities LLC now owns 51,383 shares of the bank’s stock valued at $321,000 after acquiring an additional 26,697 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of First Foundation in the 2nd quarter valued at about $563,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.