Equities analysts expect First Foundation Inc (NASDAQ:FFWM) to announce sales of $51.69 million for the current quarter, according to Zacks. Four analysts have made estimates for First Foundation’s earnings, with the lowest sales estimate coming in at $50.15 million and the highest estimate coming in at $52.80 million. First Foundation posted sales of $42.60 million in the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The business is expected to announce its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that First Foundation will report full year sales of $193.87 million for the current financial year, with estimates ranging from $191.79 million to $195.60 million. For the next financial year, analysts anticipate that the firm will report sales of $225.12 million, with estimates ranging from $214.28 million to $231.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover First Foundation.

First Foundation (NASDAQ:FFWM) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $54.83 million during the quarter, compared to analysts’ expectations of $49.89 million. First Foundation had a return on equity of 9.64% and a net margin of 13.75%.

Several brokerages recently commented on FFWM. ValuEngine raised First Foundation from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. BidaskClub raised First Foundation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 5th. TheStreet lowered First Foundation from a “b” rating to a “c+” rating in a research note on Friday, August 10th. B. Riley set a $19.00 price objective on First Foundation and gave the stock a “buy” rating in a research note on Friday, October 12th. Finally, Raymond James dropped their price objective on First Foundation from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, September 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.90.

In other First Foundation news, insider John Hakopian sold 20,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $16.25, for a total transaction of $325,000.00. Following the completion of the transaction, the insider now directly owns 33,200 shares in the company, valued at $539,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ulrich E. Keller, Jr. sold 9,400 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $17.01, for a total value of $159,894.00. Following the transaction, the chairman now owns 20,000 shares of the company’s stock, valued at $340,200. The disclosure for this sale can be found here. Insiders have sold 93,400 shares of company stock valued at $1,533,014 over the last quarter. Corporate insiders own 14.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of First Foundation in the second quarter valued at $254,000. GSA Capital Partners LLP acquired a new stake in shares of First Foundation in the second quarter valued at $260,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of First Foundation in the second quarter valued at $273,000. Wedbush Securities Inc. acquired a new stake in shares of First Foundation in the second quarter valued at $274,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of First Foundation in the third quarter valued at $248,000. Institutional investors own 61.10% of the company’s stock.

Shares of FFWM stock opened at $14.37 on Friday. The firm has a market capitalization of $657.77 million, a P/E ratio of 14.81, a PEG ratio of 1.97 and a beta of 0.46. First Foundation has a one year low of $14.00 and a one year high of $20.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.95.

About First Foundation

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.

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Earnings History and Estimates for First Foundation (NASDAQ:FFWM)

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