First Foundation Inc. (NASDAQ:FFWM) financial products and services provider, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.50 per share from revenue of $ 65.16 million.
Looking ahead, the full year income are expected at $ 1.64 per share on the revenues of $ 240.55 million.
Previous Quarter Performance
First Foundation Inc. posted income for the second quarter of $ 0.40 per share, from the revenue of $ 57.42 million. The consensus estimates are income of $ 0.36 per share from $ 56.12 million in revenue. The bottom line results beat street analysts by $ 0.04 or 11.11 percent, at the same time, top line results outshined analysts by $ 1.30 million or 2.32 percent.
Stock Performance
Shares of First Foundation Inc. traded up $ 0.07 or 0.45 percent on Friday, reaching $ 15.77 with volume of 88.30 thousand shares. First Foundation Inc. has traded high as $ 15.87 and has cracked $ 15.50 on the downward trend
According to the previous trading day, closing price of $ 15.77, representing a 96.00 % increase from the 52 week low of $ 8.01 and a 11 % decrease over the 52 week high of $ 17.64.
The company has a market capital of $ 703.76 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Overweight rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
On July 21, 2020, the board of directors authorized quarterly dividend of $ 0.07 per share to holders of record as of the close of business on July 24, 2020, with payment date of August 7, 2020 and ex-dividend date on July 23, 2020.
Conference Call
First Foundation Inc. will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstfoundationinc.com
First Foundation Inc., through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment Management and Wealth Planning. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and lines of credit, as well as consumer loans, such as personal installment loans and lines of credit, and home equity lines of credit.
