First Foundation (FFWM) Expected to Announce Quarterly Earnings on Thursday

First Foundation (NASDAQ:FFWM) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect First Foundation to post earnings of $0.03 per share and revenue of $66,147.40 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

First Foundation Stock Up 2.2 %

First Foundation stock opened at $6.39 on Tuesday. The business has a fifty day moving average price of $6.82 and a 200-day moving average price of $6.78. First Foundation has a 1-year low of $4.84 and a 1-year high of $10.72. The stock has a market capitalization of $525.87 million, a price-to-earnings ratio of -5.70 and a beta of 1.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FFWM shares. Stephens lowered First Foundation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 1st. StockNews.com downgraded shares of First Foundation from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.75.

About First Foundation

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.