Closing Bell Recap: First Foundation Inc (FFWM) Ends at 6.47, Reflecting a -3.58 Downturn

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First Foundation Inc (NYSE: FFWM) closed the day trading at $6.47 down -3.58% from the previous closing price of $6.71. In other words, the price has decreased by -$3.58 from its previous closing price. On the day, 0.53 million shares were traded. FFWM stock price reached its highest trading level at $6.67 during the session, while it also had its lowest trading level at $6.44.

Ratios:

For a better understanding of FFWM, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.74.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on July 03, 2024, Upgraded its rating to Buy and sets its target price to $9 from $8 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when KELLER ULRICH E. JR sold 25,000 shares for $8.16 per share. The transaction valued at 203,975 led to the insider holds 1,230,622 shares of the business.

KELLER ULRICH E. JR sold 30,000 shares of FFWM for $266,940 on Dec 15 ’23. The Chairman now owns 215,000 shares after completing the transaction at $8.90 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FFWM now has a Market Capitalization of 532772800 and an Enterprise Value of 1332873344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 12.321.

Stock Price History:

Over the past 52 weeks, FFWM has reached a high of $11.47, while it has fallen to a 52-week low of $4.71. The 50-Day Moving Average of the stock is -5.20%, while the 200-Day Moving Average is calculated to be -5.34%.

Shares Statistics:

Over the past 3-months, FFWM traded about 558.53K shares per day on average, while over the past 10 days, FFWM traded about 613800 shares per day. A total of 82.35M shares are outstanding, with a floating share count of 74.56M. Insiders hold about 9.46% of the company’s shares, while institutions hold 58.33% stake in the company. Shares short for FFWM as of 1728950400 were 5602585 with a Short Ratio of 10.03, compared to 1726185600 on 5568791. Therefore, it implies a Short% of Shares Outstanding of 5602585 and a Short% of Float of 7.23.

Dividends & Splits

FFWM’s forward annual dividend rate is 0.02, up from 0.01 a year ago. Against a Trailing Annual Dividend Yield of 0.001490313The stock’s 5-year Average Dividend Yield is 2.17.

Earnings Estimates

The stock of First Foundation Inc (FFWM) is currently being evaluated by 5.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.06, with high estimates of $0.1 and low estimates of $0.02.

Analysts are recommending an EPS of between $0.12 and -$1.2 for the fiscal current year, implying an average EPS of -$0.86. EPS for the following year is $0.46, with 5.0 analysts recommending between $0.6 and $0.3.

Revenue Estimates

5 analysts predict $65.77M in revenue for the current quarter. It ranges from a high estimate of $68.9M to a low estimate of $62.2M. As of the current estimate, First Foundation Inc’s year-ago sales were $56.37MFor the next quarter, 5 analysts are estimating revenue of $70.44M. There is a high estimate of $74.31M for the next quarter, whereas the lowest estimate is $64.26M.

A total of 5 analysts have provided revenue estimates for FFWM’s current fiscal year. The highest revenue estimate was $237.82M, while the lowest revenue estimate was $114.61M, resulting in an average revenue estimate of $187.42M. In the same quarter a year ago, actual revenue was $251.66MBased on 5 analysts’ estimates, the company’s revenue will be $307.08M in the next fiscal year. The high estimate is $330.49M and the low estimate is $289.64M.

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