First Foundation Inc. (NASDAQ:FFWM)’s traded shares stood at 4.38 million during the last session, with the company’s beta value hitting 0.98. At the close of trading, the stock’s price was $7.60, to imply a decrease of -12.54% or -$1.09 in intraday trading. The FFWM share’s 52-week high remains $26.18, putting it -244.47% down since that peak but still an impressive 0.92% since price per share fell to its 52-week low of $7.53. The company has a valuation of $471.12M, with an average of 1.42 million shares in intraday trading volume over the past 10 days and average of 541.68K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for First Foundation Inc. (FFWM), translating to a mean rating of 2.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give FFWM a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.18.
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First Foundation Inc. (NASDAQ:FFWM) trade information
After registering a -12.54% downside in the last session, First Foundation Inc. (FFWM) has traded red over the past five days. The stock hit a weekly high of 10.49 this Friday, 03/17/23, dropping -12.54% in its intraday price action. The 5-day price performance for the stock is -34.37%, and -51.81% over 30 days. With these gigs, the year-to-date price performance is -46.96%. Short interest in First Foundation Inc. (NASDAQ:FFWM) saw shorts transact 0.95 million shares and set a 2.69 days time to cover.
First Foundation Inc. (FFWM) estimates and forecasts
Looking at statistics comparing First Foundation Inc. share performance against respective industry, we note that the company has underperformed competitors. First Foundation Inc. (FFWM) shares are -61.03% down over the last 6 months, with its year-to-date growth rate lower than industry average at -57.43% against -1.90%. Revenue is forecast to shrink -67.30% this quarter before falling -67.80% for the next one. The rating firms project that company’s revenue will shrink -8.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $80.33 million. Meanwhile, for the quarter ending Jun 2023, a total of 5 analyst(s) estimate revenue growth to $81.87 million.Earnings reports from the last fiscal year show that sales brought in $88.81 million and $95.2 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.50% before dropping -14.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.90% for the past 5-year period. While 2023 is set for a -18.80% return in earnings, projections for the next 5 years are at 7.00% annually.
FFWM Dividends
First Foundation Inc. has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. First Foundation Inc. has a forward dividend ratio of 0.44, with the share yield ticking at 5.79% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
First Foundation Inc. (NASDAQ:FFWM)’s Major holders
First Foundation Inc. insiders hold 10.30% of total outstanding shares, with institutional holders owning 68.00% of the shares at 75.81% float percentage. In total, 68.00% institutions holds shares in the company, led by FMR, LLC. As of Sep 29, 2022, the company held over 5.01 million shares (or 8.88% of shares), all amounting to roughly $90.8 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 4.27 million shares, or about 7.57% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $77.41 million.
We also have Fidelity Small Cap Value Fund and Delaware Group Equity Fds V-Small Cap Core Fund as the top two Mutual Funds with the largest holdings of the First Foundation Inc. (FFWM) shares. Going by data provided on Nov 29, 2022, Fidelity Small Cap Value Fund holds roughly 2.28 million shares. This is just over 4.04% of the total shares, with a market valuation of $31.95 million. Data from the same date shows that the other fund manager holds a little less at 1.52 million, or 2.69% of the shares, all valued at about 21.28 million.