First Foundation (FFWM) Projected to Post Earnings on Wednesday

First Foundation (NASDAQ:FFWM) is anticipated to post its quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect First Foundation to post earnings of $0.02 per share and revenue of $64.13 million for the quarter.

First Foundation Stock Performance

Shares of FFWM stock opened at $4.85 on Tuesday. The company has a market capitalization of $399.24 million, a P/E ratio of -3.62 and a beta of 1.19. The business’s 50 day moving average is $4.91 and its two-hundred day moving average is $6.08. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. First Foundation has a 12-month low of $4.42 and a 12-month high of $8.52.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded First Foundation from a “sell” rating to a “hold” rating in a research report on Monday. Piper Sandler lowered their price target on First Foundation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.75.

First Foundation Company Profile

First Foundation Inc, through its subsidiaries, provides banking services, investment advisory, wealth management, and trust services to individuals, businesses, and other organizations in the United States. The company operates in two segments, Banking and Wealth Management. It offers a range of deposit products, including personal and business checking accounts, savings accounts, interest-bearing demand deposit 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, 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.