First Foundation (FFWM) to Release Quarterly Earnings on Thursday

First Foundation (NASDAQ:FFWM) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

First Foundation (NASDAQ:FFWM) last posted its earnings results on Thursday, January 25th. The bank reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $56.37 million during the quarter, compared to the consensus estimate of $62.03 million. First Foundation had a negative net margin of 31.95% and a positive return on equity of 1.80%. On average, analysts expect First Foundation to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Foundation Trading Up 0.4 %

NASDAQ:FFWM opened at $6.95 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $7.48. The company has a market cap of $392.74 million, a PE ratio of -1.97 and a beta of 1.23. First Foundation has a one year low of $3.69 and a one year high of $11.47.

First Foundation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 2nd. First Foundation’s payout ratio is presently -1.14%.

Insider Activity

In other news, Chairman Ulrich E. Keller, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $8.16, for a total transaction of $204,000.00. Following the completion of the transaction, the chairman now directly owns 1,230,622 shares of the company’s stock, valued at approximately $10,041,875.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush upped their price objective on shares of First Foundation from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Raymond James raised shares of First Foundation from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $9.50 to $12.00 in a research report on Friday, January 5th.

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.