First Foundation (NYSE:FFWM) Shares Up 8% - What's Next?

Key Points

• First Foundation's stock price increased by 8% during trading on Friday, reaching a last-traded price of $5.83.
• Analysts at Wall Street Zen upgraded the stock's rating from "sell" to "hold" on June 27th.
• The company reported a loss of ($0.09) earnings per share for the last quarter, missing analysts' expectations by ($0.11).

First Foundation Inc. (NYSE:FFWM - Get Free Report)'s share price traded up 8% during trading on Friday . The company traded as high as $5.85 and last traded at $5.83. 766,262 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,035,842 shares. The stock had previously closed at $5.40.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised First Foundation from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

First Foundation Price Performance

The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.03. The stock has a market capitalization of $486.92 million, a price-to-earnings ratio of -4.19 and a beta of 1.00. The company's 50 day simple moving average is $5.30.

First Foundation (NYSE:FFWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). First Foundation had a negative net margin of 15.29% and a negative return on equity of 1.20%. The firm had revenue of $51.42 million for the quarter, compared to analyst estimates of $64.50 million.

First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal 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, and 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.