NASDAQ:FFWMFirst Foundation Stock Price, Forecast & News

$13.88

+0.01 (+0.07 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$13.56

Now: $13.88▼

$13.95

50-Day Range

$9.49

MA: $12.15▼

$14.36

52-Week Range

$8.01

Now: $13.88▼

$17.64

Volume76,200 shs

Average Volume193,940 shs

Market Capitalization$619.33 million

P/E Ratio10.68

Dividend Yield2.02%

Beta1.47

First Foundation Inc., through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. 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 certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit. It also provides various specialized services comprising trust services, online 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 20 branch offices and 2 loan production offices in California, Nevada, and Hawaii. The company was founded in 1990 and is headquartered in Irvine, California.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
First Foundation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.67, First Foundation has a potential upside of 12.9% from its current price of $13.88.
Amount of Analyst Coverage
First Foundation has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
First Foundation has received 245 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Foundation has received 275 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Foundation has received 52.88% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Foundation and other stocks. Vote “Outperform” if you believe FFWM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FFWM will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
First Foundation is a leading dividend payer. It pays a dividend yield of 2.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Foundation does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Foundation is 22.40 %. 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 18.79 % next year. This indicates that First Foundation will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Foundation insiders have sold 1,188.33% more of their company's stock than they have bought. Specifically, they have bought $48,396.00 in company stock and sold $623,500.00 in company stock.
Percentage Held by Insiders
Only 13.10% of the stock of First Foundation is held by insiders.
Percentage Held by Institutions
57.22% of the stock of First Foundation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for First Foundation are expected to decrease by -0.67% in the coming year, from $1.50 to $1.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Foundation is 10.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Foundation is 10.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.22.
Price to Book Value per Share Ratio
First Foundation has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.10 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:FFWM

Previous Symbol

CUSIPN/A

CIK1413837

Webwww.firstfoundationinc.com

Phone949-202-4160

Debt

Debt-to-Equity Ratio1.27

Current Ratio1.05

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio10.68

Forward P/E Ratio9.25

P/E GrowthN/A

Sales & Book Value

Annual Sales$290.54 million

Price / Sales2.13

Cash Flow$1.30 per share

Price / Cash Flow10.70

Book Value$13.75 per share

Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)$1.25

Net Income$56.24 million

Net Margins19.76%

Return on Equity9.59%

Return on Assets0.91%

Miscellaneous

Employees483

Outstanding Shares44,620,000

Market Cap$619.33 million

Next Earnings Date7/22/2020 (Estimated)

OptionableNot Optionable

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First Foundation (NASDAQ:FFWM) Frequently Asked Questions

How has First Foundation's stock been impacted by COVID-19 (Coronavirus)?

First Foundation's stock was trading at $12.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FFWM shares have increased by 13.4% and is now trading at $13.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Foundation?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Foundation in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Foundation.

When is First Foundation's next earnings date?

First Foundation is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for First Foundation.

How were First Foundation's earnings last quarter?

First Foundation Inc (NASDAQ:FFWM) announced its quarterly earnings results on Wednesday, April, 22nd. The bank reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The bank had revenue of $55.54 million for the quarter, compared to the consensus estimate of $53.81 million. First Foundation had a return on equity of 9.59% and a net margin of 19.76%. View First Foundation's earnings history.

How often does First Foundation pay dividends? What is the dividend yield for First Foundation?

First Foundation announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.07 per share on Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, May 29th. View First Foundation's dividend history.

What price target have analysts set for FFWM?

3 brokers have issued 12 month target prices for First Foundation's shares. Their forecasts range from $13.00 to $19.00. On average, they expect First Foundation's share price to reach $15.67 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View analysts' price targets for First Foundation.

Has First Foundation been receiving favorable news coverage?

News headlines about FFWM stock have trended very negative this week, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Foundation earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutFirst Foundation.

Are investors shorting First Foundation?

First Foundation saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 529,100 shares, an increase of 33.7% from the April 30th total of 395,700 shares. Based on an average daily volume of 188,400 shares, the short-interest ratio is presently 2.8 days. Currently, 1.4% of the company's stock are sold short. View First Foundation's Current Options Chain.

Who are some of First Foundation's key competitors?

Some companies that are related to First Foundation include Bank of Hawaii (BOH), CVB Financial (CVBF), Home Bancshares (HOMB), Wintrust Financial (WTFC), Independent Bank (INDB), Bancorpsouth Bank (BXS), IBERIABANK (IBKC), First Hawaiian (FHB), Investors Bancorp (ISBC), Associated Banc (ASB), Cathay General Bancorp (CATY), First Interstate Bancsystem (FIBK), International Bancshares (IBOC), ServisFirst Bancshares (SFBS) and Columbia Banking System (COLB). View all competitors.

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 Square (SQ), Enbridge (ENB), Ford Motor (F), Gilead Sciences (GILD), Huntington Bancshares (HBAN), KeyCorp (KEY), People's United Financial (PBCT), Ring Energy (REI), Ring Energy (REI) and Wells Fargo & Co (WFC).

Who are First Foundation's key executives?

First Foundation's management team includes the following people:

Mr. Ulrich Emanuel Keller Jr., CFP, CFP, Exec. Chairman (Age 63)
Mr. Scott Farris Kavanaugh, Vice Chairman & CEO (Age 58)
Mr. John Matthias Michel, Exec. VP & CFO (Age 59)
Mr. David S. DePillo, Pres of First Foundation Bank (Age 58)

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 BlackRock Inc. (6.43%), Banc Funds Co. LLC (3.50%), Russell Investments Group Ltd. (2.44%), State Street Corp (1.90%), Jennison Associates LLC (1.76%) and Geode Capital Management LLC (1.31%). Company insiders that own First Foundation stock include David G Lake, Diane M Rubin, Elizabeth A Pagliarini, James G Brakke, John Hakopian, John Michel, Max Briggs, Scott F Kavanaugh and Ulrich E Keller Jr. View institutional ownership trends for First Foundation.

Which major investors are selling First Foundation stock?

FFWM stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Morgan Stanley, IndexIQ Advisors LLC, Victory Capital Management Inc., Victory Capital Management Inc., Russell Investments Group Ltd., UBS Group AG, and BHZ Capital Management LP. Company insiders that have sold First Foundation company stock in the last year include John Michel, and Ulrich E Keller Jr. View insider buying and selling activity for First Foundation.

Which major investors are buying First Foundation stock?

FFWM stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, M3F Inc., Banc Funds Co. LLC, Cornercap Investment Counsel Inc., Wells Fargo & Company MN, AQR Capital Management LLC, Geode Capital Management LLC, and BlackRock Inc.. Company insiders that have bought First Foundation stock in the last two years include David G Lake, Diane M Rubin, Elizabeth A Pagliarini, James G Brakke, Max Briggs, and Scott F Kavanaugh. View insider buying and selling activity for First Foundation.

How do I buy shares of First Foundation?

Shares of FFWM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Foundation's stock price today?

One share of FFWM stock can currently be purchased for approximately $13.88.

How big of a company is First Foundation?

First Foundation has a market capitalization of $619.33 million and generates $290.54 million in revenue each year. The bank earns $56.24 million in net income (profit) each year or $1.25 on an earnings per share basis. First Foundation employs 483 workers across the globe.

What is First Foundation's official website?

The official website for First Foundation is www.firstfoundationinc.com.

How can I contact First Foundation?

First Foundation's mailing address is 18101 VON KARMAN AVE SUITE 700, IRVINE CA, 92612. The bank can be reached via phone at 949-202-4160 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff