First Foundation (NYSE:FFWM) Issues Quarterly Earnings Results

First Foundation (NYSE:FFWM) posted its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06), FiscalAI reports. The company had revenue of $48.36 million for the quarter. First Foundation had a positive return on equity of 1.06% and a negative net margin of 26.37%.

First Foundation Stock Performance

NYSE:FFWM opened at $6.31 on Friday. The firm’s fifty day simple moving average is $6.02 and its 200-day simple moving average is $5.67. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $522.97 million, a PE ratio of -3.34 and a beta of 0.92. First Foundation has a fifty-two week low of $4.41 and a fifty-two week high of $6.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research downgraded First Foundation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of First Foundation in a research report on Monday, December 29th. DA Davidson downgraded shares of First Foundation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Stephens upgraded shares of First Foundation from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

First Foundation Company Profile

First Foundation Inc (NYSE: FFWM) is a financial services company headquartered in Irvine, California. Through its banking and advisory subsidiaries, the company delivers a range of wealth management, strategic consulting and lending solutions to high-net-worth individuals, families, entrepreneurs and closely held businesses. First Foundation’s integrated business model combines personalized advisory services with commercial and consumer banking capabilities under one corporate umbrella.

The company’s wealth management arm offers financial planning, investment management, trust and estate planning, tax planning and family office services.