NASDAQ:FFWM

First Foundation - FFWM Stock Forecast, Price & News

$21.85

+0.31 (+1.44%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $21.36
▼
$22.01
50-Day Range: $18.41
▼
$22.29
52-Week Range: $18.31
▼
$29.41

Volume: 254,860 shs
Average Volume: 162,762 shs
Market Capitalization: $1.23 billion

P/E Ratio: 8.81
Dividend Yield: 2.04%
Price Target: $26.67

First Foundation MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 22.0% Upside
$26.67 Price Target
Short Interest: Bearish
2.32% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.36
Upright™ Environmental Score
News Sentiment: 1.40
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.59%
From $2.24 to $2.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Finance Sector

213th out of 924 stocks

State Commercial Banks Industry

45th out of 192 stocks

2.3

Analyst's Opinion

Consensus Rating
First Foundation has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.67, First Foundation has a forecasted upside of 22.0% from its current price of $21.85.
Amount of Analyst Coverage
First Foundation has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.32% of the outstanding shares of First Foundation have been sold short.
Short Interest Ratio / Days to Cover
First Foundation has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in First Foundation has recently increased by 39.14%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
First Foundation pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Foundation has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of First Foundation is 17.74%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Foundation will have a dividend payout ratio of 18.26% next year. This indicates that First Foundation will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Foundation has received a 33.29% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Consumer savings accounts provided by brick and mortar banks", "Payment platform", "Commercial deposit accounts", and "Wire transfer services" products. See details.
Environmental Sustainability
The Environmental Impact score for First Foundation is -0.36.

3.6

News and Social Media Coverage

News Sentiment
First Foundation has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for First Foundation this week, compared to 1 article on an average week.
MarketBeat Follows
4 people have added First Foundation to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Foundation insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.20% of the stock of First Foundation is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.50% of the stock of First Foundation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for First Foundation are expected to grow by 7.59% in the coming year, from $2.24 to $2.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Foundation is 8.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Foundation is 8.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 148.46.
Price to Book Value per Share Ratio
First Foundation has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Foundation (NASDAQ:FFWM) Stock

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.

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FFWM Stock News Headlines

August 2, 2022 | americanbankingnews.com

Analysts Offer Predictions for First Foundation Inc.'s FY2023 Earnings (NASDAQ:FFWM)

August 2, 2022 | americanbankingnews.com

Q1 2023 EPS Estimates for First Foundation Inc. Boosted by Wedbush (NASDAQ:FFWM)

July 31, 2022 | finance.yahoo.com

There's A Lot To Like About First Foundation's (NASDAQ:FFWM) Upcoming US$0.11 Dividend

July 31, 2022 | americanbankingnews.com

Research Analysts Issue Forecasts for First Foundation Inc.'s Q3 2022 Earnings (NASDAQ:FFWM)

July 31, 2022 | americanbankingnews.com

Wedbush Comments on First Foundation Inc.'s Q3 2022 Earnings (NASDAQ:FFWM)

July 30, 2022 | americanbankingnews.com

Q3 2022 EPS Estimates for First Foundation Inc. (NASDAQ:FFWM) Reduced by Analyst

July 28, 2022 | seekingalpha.com

First Foundation Inc. (FFWM) CEO Scott Kavanaugh on Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | americanbankingnews.com

First Foundation (NASDAQ:FFWM) Price Target Raised to $23.00 at B. Riley

July 26, 2022 | finance.yahoo.com

First Foundation (FFWM) Q2 Earnings and Revenues Beat Estimates

July 26, 2022 | finance.yahoo.com

First Foundation Inc. Reports Second Quarter 2022 Financial Results

July 25, 2022 | msn.com

Call to change political donation law after NZ First Foundation case

July 24, 2022 | americanbankingnews.com

First Foundation (FFWM) Set to Announce Quarterly Earnings on Tuesday

July 22, 2022 | msn.com

NZ First Foundation case: Men charged over handling of donations found not guilty

July 13, 2022 | nasdaq.com

RSI Alert: First Foundation Now Oversold

June 16, 2022 | finance.yahoo.com

First Foundation (NASDAQ:FFWM) sheds 4.9% this week, as yearly returns fall more in line with earnings growth

June 14, 2022 | seekingalpha.com

FFWM First Foundation Inc.

June 9, 2022 | msn.com

Donors confused by NZ First Foundation, trial told

May 26, 2022 | finance.yahoo.com

First Foundation opens first full-service branch in DFW since moving HQ from California

May 9, 2022 | finance.yahoo.com

First Foundation Bank Opens New Branch in Plano, Texas

May 2, 2022 | benzinga.com

Wednesday Is Your Last Chance To Buy First Foundation Before The Dividend Payout

May 2, 2022 | finance.yahoo.com

First Foundation Inc. (NASDAQ:FFWM) Passed Our Checks, And It's About To Pay A US$0.11 Dividend

April 27, 2022 | ca.investing.com

First Foundation Tops Q1 EPS by 5c

April 26, 2022 | seekingalpha.com

First Foundation Inc. (FFWM) CEO Scott Kavanaugh on Q1 2022 Results - Earnings Call Transcript

April 26, 2022 | finance.yahoo.com

First Foundation (FFWM) Tops Q1 Earnings and Revenue Estimates

April 26, 2022 | finance.yahoo.com

First Foundation Inc. Reports First Quarter 2022 Financial Results

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FFWM Company Calendar

Last Earnings: 10/26/2021
Ex-Dividend for 8/16 Dividend: 8/04/2022
Dividend Payable: 8/16/2022
Today: 8/17/2022
Next Earnings (Estimated): 10/25/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:FFWM
CUSIP: N/A
CIK: 1413837
Web: www.firstfoundationinc.com
Phone: (949) 202-4160
Fax: N/A
Employees: 674
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $26.67
High Stock Price Forecast: $32.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +22.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.48
Trailing P/E Ratio: 8.81
Forward P/E Ratio: 9.75
P/E Growth: N/A
Net Income: $109.51 million
Net Margins: 33.93%
Pretax Margin: 47.02%
Return on Equity: 12.47%
Return on Assets: 1.26%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 0.99
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $317.67 million
Price / Sales: 3.88
Cash Flow: $2.64 per share
Price / Cash Flow: 8.27
Book Value: $19.56 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 56,390,000
Free Float: 50,636,000
Market Cap: $1.23 billion
Optionable: Not Optionable
Beta: 1.16

Key Executives

Mr. Ulrich Emanuel Keller Jr. (Age 66)
CFP, CFP, Exec. Chairman
Comp: $946k
Mr. Scott Farris Kavanaugh (Age 61)
CEO & Vice Chairman
Comp: $2M
Mr. David S. DePillo (Age 61)
Pres
Comp: $1.48M
Mr. Kevin Lewis Thompson CPA (Age 49)
Exec. VP & CFO
Comp: $687k
Mr. Adriano S. Darmawan
CTO & Exec. VP
Ms. Kelly Rentzel
Exec. VP, Gen. Counsel & Corp. Sec.
Mr. Tyler J. Resh
Director of Marketing & Strategy
Mr. Curt Freeman
Sr. VP and Construction Products Mang.
Mr. Tony Fire
Sr. VP
Mr. Manjit Dhillon
Sr. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FFWM Stock - Frequently Asked Questions

Should I buy or sell First Foundation stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Foundation in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FFWM shares.
View FFWM analyst ratings or view top-rated stocks.
What is First Foundation's stock price forecast for 2022?: 3 Wall Street research analysts have issued twelve-month price objectives for First Foundation's shares. Their FFWM share price forecasts range from $23.00 to $32.00. On average, they predict the company's share price to reach $26.67 in the next year. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for FFWM or view top-rated stocks among Wall Street analysts.
How have FFWM shares performed in 2022?: First Foundation's stock was trading at $24.86 at the start of the year. Since then, FFWM shares have decreased by 12.1% and is now trading at $21.85.
View the best growth stocks for 2022 here.
When is First Foundation's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our FFWM earnings forecast.
How were First Foundation's earnings last quarter?: First Foundation Inc. (NASDAQ:FFWM) issued its earnings results on Tuesday, October, 26th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. The bank had revenue of $89.87 million for the quarter, compared to analysts' expectations of $77.52 million. First Foundation had a trailing twelve-month return on equity of 12.47% and a net margin of 33.93%. During the same quarter last year, the business earned $0.69 earnings per share.
How often does First Foundation pay dividends? What is the dividend yield for First Foundation?: First Foundation announced a quarterly dividend on Tuesday, July 26th. Investors of record on Saturday, August 6th will be paid a dividend of $0.11 per share on Tuesday, August 16th. This represents a $0.44 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 4th.
Read our dividend analysis for FFWM.

Is First Foundation a good dividend stock?: First Foundation (NASDAQ:FFWM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FFWM will have a dividend payout ratio of 18.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FFWM.
What other stocks do shareholders of First Foundation own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Foundation investors own include Block (SQ), Gilead Sciences (GILD), Wells Fargo & Company (WFC), AbbVie (ABBV), Advanced Micro Devices (AMD), Carnival Co. & (CCL), Enbridge (ENB), Ford Motor (F), General Electric (GE) and Huntington Bancshares (HBAN).
What is First Foundation's stock symbol?: First Foundation trades on the NASDAQ under the ticker symbol "FFWM."
Who are First Foundation's major shareholders?: First Foundation's stock is owned by a number of retail and institutional investors. Top institutional shareholders include GMT Capital Corp (5.46%), Macquarie Group Ltd. (3.13%), State Street Corp (2.52%), Principal Financial Group Inc. (2.23%), Jennison Associates LLC (1.95%) and Russell Investments Group Ltd. (1.87%). Insiders that own company stock include David G Lake, David S Depillo, Diane M Rubin, Elizabeth A Pagliarini, John Hakopian, John Michel, Mitchell M Rosenberg, Sandra I Coufal, Scott F Kavanaugh, Ulrich E Keller Jr and Ulrich E Keller, Jr.
View institutional ownership trends.
How do I buy shares of First Foundation?: Shares of FFWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is First Foundation's stock price today?: One share of FFWM stock can currently be purchased for approximately $21.85.
How much money does First Foundation make?: First Foundation (NASDAQ:FFWM) has a market capitalization of $1.23 billion and generates $317.67 million in revenue each year. The bank earns $109.51 million in net income (profit) each year or $2.48 on an earnings per share basis.
How many employees does First Foundation have?: The company employs 674 workers across the globe.
How can I contact First Foundation?: First Foundation's mailing address is 18101 VON KARMAN AVE SUITE 700, IRVINE CA, 92612. The official website for the company is www.firstfoundationinc.com. The bank can be reached via phone at (949) 202-4160 or via email at jmichel@ff-inc.com.

This page (NASDAQ:FFWM) was last updated on 8/17/2022 by MarketBeat.com Staff

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First Foundation - FFWM Stock Forecast, Price & News

First Foundation MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month