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Stock Performance And Forecast For First Foundation Inc

In the last trading session, 1.27 million First Foundation Inc (NYSE:FFWM) shares changed hands as the company’s beta touched 1.27. With the company’s per share price at $8.21 changed hands at -$0.09 or -1.08% during last session, the market valuation stood at $463.37M. FFWM’s last price was a discount, traded about -92.57% off its 52-week high of $15.81. The share price had its 52-week low at $3.69, which suggests the last value was 55.05% up since then. When we look at First Foundation Inc’s average trading volume, we note the 10-day average is 0.86 million shares, with the 3-month average coming to 1.80.

First Foundation Inc (NYSE:FFWM) trade information

Instantly FFWM was in red as seen at the end of in last trading. With action -2.49%, the performance over the past five days has been red. The drop to weekly highs of 8.72 subtracted -1.08% to the stock’s daily price. The company’s shares are showing year-to-date downside of -15.19%, with the 5-day performance at -2.49% in the red. However, in the 30-day time frame, First Foundation Inc (NYSE:FFWM) is -12.66% down. Looking at the short shares, we see there were 4.25 million shares sold at short interest cover period of 5 days.

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First Foundation Inc (FFWM) estimates and forecasts

Data shows that the First Foundation Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 4.85% over the past 6 months, a -6.45% in annual growth rate that is considerably higher than the industry average of -8.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for First Foundation Inc will fall -93.30%, while the growth in revenue is estimated to hit -42.90% for the next quarter. Year-over-year growth is forecast to reach 2.10% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $56.55 million. 5 analysts are of the opinion that First Foundation Inc’s revenue for the quarter ending Jun 2024 will be $62.08 million. The company’s revenue for the corresponding quarters a year ago was $77.53 million and -$ respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -27.10%. The estimates for the next quarter sales put growth at –.

The 2024 estimates are for First Foundation Inc earnings to decrease by -10.72%, but the outlook for the next 5-year period is at 7.00% per year.

FFWM Dividends

First Foundation Inc is expected to release its next quarterly earnings report between April 25 and April 29. The 0.73% annual yield figure for the share gives it an annual dividend of 0.06. It is important to note, however, that the 0.73% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

First Foundation Inc (NYSE:FFWM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.30% of First Foundation Inc shares while 73.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.78%. There are 73.26% institutions holding the First Foundation Inc stock share, with FMR, LLC the top institutional holder. As of Sep 29, 2023, the company held 8.99% of the shares, roughly 5.07 million FFWM shares worth $41.66 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.47% or 4.22 million shares worth $34.61 million as of Sep 29, 2023.

Among Mutual Funds, the top two as of Nov 29, 2023 were Fidelity Small Cap Value Fund and Vanguard Total Stock Market Index Fund. With 2.28 million shares estimated at $18.73 million under it, the former controlled 4.04% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.78% of the shares, roughly 1.57 million shares worth around $12.87 million.

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