FY2025 EPS Estimate for First Foundation Reduced by Analyst

First Foundation Inc. (NASDAQ:FFWM) – DA Davidson cut their FY2025 earnings per share estimates for shares of First Foundation in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $0.53 for the year, down from their previous forecast of $0.54. The consensus estimate for First Foundation’s current full-year earnings is $0.13 per share.

FFWM has been the topic of a number of other reports. Stephens lowered shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of First Foundation from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.80.

First Foundation Trading Down 5.5 %

NASDAQ:FFWM opened at $5.99 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market cap of $493.37 million, a P/E ratio of -5.35 and a beta of 1.34. The firm has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $6.70. First Foundation has a one year low of $4.84 and a one year high of $11.47.

Hedge Funds Weigh In On First Foundation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in First Foundation during the 3rd quarter worth about $72,000. HighTower Advisors LLC bought a new stake in shares of First Foundation in the third quarter valued at $87,000. Creative Planning lifted its position in shares of 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. Intech Investment Management LLC purchased a new stake in shares of First Foundation in the third quarter worth about $104,000. Finally, Hollencrest Capital Management grew its position in First Foundation by 76.5% during the third quarter. Hollencrest Capital Management now owns 19,840 shares of the bank’s stock worth $124,000 after buying an additional 8,600 shares in the last quarter. 73.10% of the stock is owned by institutional investors.

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.