First Foundation (FFWM) Expected to Announce Quarterly Earnings on Wednesday

First Foundation (NASDAQ:FFWM - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, April 30th. Analysts expect First Foundation to post earnings of $0.02 per share and revenue of $64.13 million for the quarter.

First Foundation Trading Up 0.5 %

NASDAQ:FFWM traded up $0.03 during trading hours on Monday, reaching $4.85. The company's stock had a trading volume of 718,649 shares, compared to its average volume of 628,765. The firm has a 50-day simple moving average of $4.91 and a 200-day simple moving average of $6.08. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.04. First Foundation has a 1 year low of $4.42 and a 1 year high of $8.52. The firm has a market capitalization of $399.24 million, a price-to-earnings ratio of -3.62 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FFWM shares. StockNews.com raised First Foundation from a "sell" rating to a "hold" rating in a research note on Monday. Piper Sandler lowered their price objective on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.75.

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.