DA Davidson Predicts Lower Earnings for First Foundation

First Foundation Inc. (NASDAQ:FFWM - Free Report) - Equities research analysts at DA Davidson dropped their Q1 2025 EPS estimates for shares of First Foundation in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. The consensus estimate for First Foundation's current full-year earnings is $0.28 per share. DA Davidson also issued estimates for First Foundation's FY2025 earnings at $0.22 EPS and FY2026 earnings at $0.46 EPS.

Separately, Piper Sandler reduced their target price on First Foundation from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.75.

First Foundation Stock Performance

NASDAQ FFWM traded up $0.26 during trading on Thursday, reaching $4.91. 421,407 shares of the company's stock were exchanged, compared to its average volume of 588,952. 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 business has a 50 day moving average price of $5.08 and a 200-day moving average price of $6.27. The stock has a market capitalization of $404.00 million, a P/E ratio of -3.65 and a beta of 1.19. First Foundation has a fifty-two week low of $4.50 and a fifty-two week high of $8.52.

Institutional Investors Weigh In On First Foundation

Institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in First Foundation by 20.1% during the 3rd quarter. FMR LLC now owns 6,099,900 shares of the bank's stock worth $38,063,000 after purchasing an additional 1,019,484 shares during the last quarter. North Reef Capital Management LP lifted its holdings in shares of First Foundation by 182.7% during the fourth quarter. North Reef Capital Management LP now owns 4,386,861 shares of the bank's stock worth $27,242,000 after buying an additional 2,835,000 shares in the last quarter. Azora Capital LP boosted its position in shares of First Foundation by 1.6% in the fourth quarter. Azora Capital LP now owns 4,153,917 shares of the bank's stock valued at $25,796,000 after acquiring an additional 63,621 shares during the period. Fortress Investment Group LLC grew its stake in shares of First Foundation by 21.5% in the fourth quarter. Fortress Investment Group LLC now owns 4,038,750 shares of the bank's stock valued at $25,081,000 after acquiring an additional 714,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in First Foundation by 25.4% during the fourth quarter. Vanguard Group Inc. now owns 3,824,803 shares of the bank's stock worth $23,752,000 after acquiring an additional 774,844 shares during the period. Institutional investors own 73.10% of the company's stock.

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.