In the latest session, First Foundation Inc (NYSE: FFWM) closed at $8.00 up 1.52% from its previous closing price of $7.88. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 502685 shares were traded. FFWM stock price reached its highest trading level at $8.26 during the session, while it also had its lowest trading level at $7.68.
Ratios:
For a deeper understanding of First Foundation Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.71 whereas as Long-Term Debt/Eq ratio is at 1.71.
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, Raymond James on January 05, 2024, Upgraded its rating to Strong Buy and sets its target price to $12 from $9.50 previously.
On November 03, 2023, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $7 to $6.
Piper Sandler Downgraded its Overweight to Neutral on February 03, 2023, whereas the target price for the stock was revised from $17.50 to $16.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 15 when KELLER ULRICH E. JR sold 30,000 shares for $8.90 per share. The transaction valued at 266,940 led to the insider holds 215,000 shares of the business.
Lake David G. bought 2,000 shares of FFWM for $7,980 on May 11. The Director now owns 137,801 shares after completing the transaction at $3.99 per share. On May 09, another insider, Lake David G., who serves as the Director of the company, bought 2,000 shares for $4.19 each. As a result, the insider paid 8,380 and bolstered with 135,801 shares of the company.
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 451.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.49.
Stock Price History:
Over the past 52 weeks, FFWM has reached a high of $15.26, while it has fallen to a 52-week low of $3.69. The 50-Day Moving Average of the stock is 9.14, while the 200-Day Moving Average is calculated to be 6.61.
Shares Statistics:
For the past three months, FFWM has traded an average of 721.97K shares per day and 596.32k over the past ten days. A total of 56.47M shares are outstanding, with a floating share count of 51.42M. Insiders hold about 8.77% of the company’s shares, while institutions hold 73.40% stake in the company. Shares short for FFWM as of Jan 31, 2024 were 4.25M with a Short Ratio of 5.89, compared to 3.7M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.53% and a Short% of Float of 8.20%.
Dividends & Splits
According to the company, the forward annual dividend rate for FFWM is 0.06, from 0.26 in the trailing year. Against a Trailing Annual Dividend Yield of 3.30%, it implies a Forward Annual Dividend Yield of 0.50%. The stock’s 5-year Average Dividend Yield is 2.17. The current Payout Ratio is 22.49% for FFWM, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Feb 02, 2024. Stock splits for the company last occurred on Jan 19, 2017 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.06, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.04, with high estimates of $0.1 and low estimates of $0.
Analysts are recommending an EPS of between $0.45 and $0.08 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $1.04, with 5 analysts recommending between $1.2 and $0.9.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $56.55M this quarter.It ranges from a high estimate of $62.67M to a low estimate of $50.87M. As of the current estimate, First Foundation Inc’s year-ago sales were $77.53M, an estimated decrease of -27.10% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for FFWM’s current fiscal year. The highest revenue estimate was $288.7M, while the lowest revenue estimate was $232.13M, resulting in an average revenue estimate of $257M. In the same quarter a year ago, actual revenue was $251.66M, up 2.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $326.92M in the next fiscal year. The high estimate is $356.94M and the low estimate is $302.2M. The average revenue growth estimate for next year is up 27.20% from the average revenue estimate for this year.
