First Foundation (FFWM) to Release Quarterly Earnings on Tuesday

First Foundation (NASDAQ:FFWM) will be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect First Foundation to post earnings of ($0.20) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. First Foundation had a net margin of 1.34% and a return on equity of 1.07%. The company had revenue of $164.57 million during the quarter, compared to the consensus estimate of $54.23 million. During the same quarter in the previous year, the company 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 Performance

Shares of FFWM opened at $7.24 on Friday. First Foundation has a 1 year low of $4.41 and a 1 year high of $11.47. The company has a market cap of $491.23 million, a price-to-earnings ratio of 41.11 and a beta of 1.32. 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 firm has a fifty day moving average of $6.78 and a 200-day moving average of $6.31.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FFWM. Wedbush reduced their price target on shares of First Foundation from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Stephens downgraded shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. DA Davidson upgraded shares of First Foundation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $9.00 in a research note on Wednesday, July 3rd. Raymond James cut shares of First Foundation from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 3rd. Finally, StockNews.com cut shares of First Foundation from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.80.

First Foundation Company Profile

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.