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. It also provides various specialized services comprising trust services, internet and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, the company offers investment management and financial planning services; treasury management services; advisory and coordination services in the areas of estate planning, retirement planning, and charitable and business ownership issues; and financial, investment, and economic advisory and related services. Further, it provides support services, including the processing and transmission of financial and economic data for charitable organizations. The company operates through a network of 28 branch offices and 3 loan production offices in California, Nevada, Texas, and Hawaii. First Foundation Inc. was founded in 1985 and is headquartered in Dallas, Texas.
First Foundation Price Performance
FFWM traded up $0.31 during trading on Tuesday, reaching $21.85. 254,860 shares of the company traded hands, compared to its average volume of 266,229. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.94 and a current ratio of 0.99. First Foundation has a 12-month low of $18.31 and a 12-month high of $29.41. The firm has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $22.84. The company has a market cap of $1.23 billion, a P/E ratio of 8.81 and a beta of 1.16.
First Foundation Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Saturday, August 6th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. First Foundation's dividend payout ratio is 17.74%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Raymond James reduced their price objective on shares of First Foundation from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 7th. B. Riley upped their target price on shares of First Foundation from $21.00 to $23.00 in a report on Wednesday, July 27th.