First Foundation (FFWM) Projected to Post Quarterly Earnings on Thursday

First Foundation (NASDAQ:FFWM - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect First Foundation to post earnings of $0.02 per share and revenue of $64.69 million for the quarter.

First Foundation Stock Down 3.0%

Shares of NASDAQ:FFWM traded down $0.16 during midday trading on Friday, hitting $4.96. 1,195,969 shares of the company's stock were exchanged, compared to its average volume of 693,649. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87. The stock has a 50 day moving average price of $5.27 and a 200-day moving average price of $5.23. The company has a market cap of $408.22 million, a PE ratio of -3.70 and a beta of 0.97. First Foundation has a 12 month low of $4.41 and a 12 month high of $8.52.

Analysts Set New Price Targets

A number of research analysts have weighed in on FFWM shares. Wall Street Zen cut shares of First Foundation from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $7.00 price target on shares of First Foundation and gave the company a "buy" rating in a research report on Wednesday, May 21st.

Institutional Trading of First Foundation

A number of hedge funds and other institutional investors have recently bought and sold shares of FFWM. Jane Street Group LLC increased its holdings in First Foundation by 273.2% during the 1st quarter. Jane Street Group LLC now owns 110,230 shares of the bank's stock worth $572,000 after acquiring an additional 80,696 shares during the period. AQR Capital Management LLC increased its holdings in First Foundation by 223.7% during the 1st quarter. AQR Capital Management LLC now owns 318,673 shares of the bank's stock worth $1,654,000 after acquiring an additional 220,222 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in First Foundation by 28.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 618,288 shares of the bank's stock worth $3,209,000 after acquiring an additional 136,308 shares during the period. Institutional investors own 73.10% of the company's stock.

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.