First Foundation Inc. (NASDAQ: FFWM) – DA Davidson stock research analysts lowered their estimates of First Foundation earnings per share for fiscal 2021 in a report released on Wednesday, April 28. DA analyst Davidson G. Tenner now expects the bank to post earnings of $ 2.16 per share for the year, down from their previous estimate of $ 2.18.
FFWM has been the subject of a number of other research reports. B. Riley raised his price target for First Foundation shares from $ 28.00 to $ 30.00 and assigned a “buy” rating to the stock in a research note on Thursday, March 18. Raymond James increased his target price on First Foundation shares from $ 19.00 to $ 24.00 and gave the stock an “outperformance” rating in a research report on Wednesday, January 27. To finish, Zacks investment research downgraded First Foundation shares from a “buy” rating to a “maintain” rating in a research note Thursday. One research analyst rated the stock with a sustaining rating and three gave the company a buy rating. First Foundation currently has a “Buy” consensus rating and an average target price of $ 24.75.
FFWM stock opened at $ 23.82 on Friday. The company has a market cap of $ 1.07 billion, a PE ratio of 13.85 and a beta of 1.54. The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt ratio of 0.40. The stock’s 50-day moving average is $ 23.66 and its two-hundred-day moving average is $ 20.48. First Foundation has a minimum of $ 11.70 in 52 weeks and a maximum of $ 25.59 in 52 weeks. First Foundation (NASDAQ: FFWM) last reported its financial results on Tuesday, April 27. The bank reported earnings per share (EPS) of $ 0.50 for the quarter, beating the Zacks consensus estimate of $ 0.46 by $ 0.04. First Foundation achieved a return on equity of 12.10% and a net margin of 25.59%.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 17. Shareholders of record on Friday, May 7 will receive a dividend of $ 0.09. This represents an annualized dividend of $ 0.36 and a return of 1.51%. The ex-dividend date is Thursday May 6. First Foundation’s dividend payout ratio (DPR) is 28.80%.
Separately, President Ulrich E. Keller, Jr. sold 25,000 shares in a trade on Friday, February 26. The stock was sold at an average price of $ 23.23, for a total trade of $ 580,750.00. Following the closing of the sale, the President now owns 20,687 shares of the company, valued at approximately $ 480,559.01. The sale was disclosed in a legal file with the Securities & Exchange Commission, available through this hyperlink. Additionally, insider John Hakopian sold 10,000 shares of the company in a trade on Monday, March 8. The stock was sold for an average price of $ 25.04, for a total value of $ 250,400.00. As a result of the sale, the insider now directly owns 43,686 shares of the company, valued at $ 1,093,897.44. Disclosure of this sale can be found here. During the last quarter, insiders sold 65,000 shares of the company valued at $ 1,552,250. Insiders own 13.90% of the shares of the company.
A number of hedge funds and other institutional investors have recently bought and sold shares of FFWM. FMR LLC increased its position in First Foundation shares by 6.6% in the first quarter. FMR LLC now owns 4,000,694 shares of the bank valued at $ 54,289,000 after acquiring an additional 247,100 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new equity stake in First Foundation in the third quarter valued at $ 330,000. Hollencrest Capital Management strengthened its position in First Foundation shares by 676.0% in the fourth quarter. Hollencrest Capital Management now owns 160,710 shares of the bank valued at $ 3,214,000 after purchasing an additional 140,000 shares during the period. First Trust Advisors LP increased its holdings of First Foundation shares by 5.8% in the fourth quarter. First Trust Advisors LP now owns 17,601 shares of the bank valued at $ 352,000 after purchasing an additional 961 shares in the last quarter. Finally, Capital Management Corp VA purchased a new stake in First Foundation in the 4th quarter valued at approximately $ 226,000. Hedge funds and other institutional investors hold 61.20% of the company’s shares.
First Foundation Company Profile
First Foundation Inc, through its subsidiaries, provides financial services to individuals, businesses and other organizations in the United States. It operates through 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, negotiable interest-bearing withdrawal accounts, money market accounts and term certificates of deposits; and loan products including multi-family and single-family residential real estate loans, commercial real estate loans and term loans and a commercial line of credit, as well as consumer loans, such as installment loans and a personal line of credit. , and a home equity line of credit.
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7 stocks of hotels awaiting vaccine
Like any group of equities linked to travel and tourism, hotel stocks saw a sharp decline in share prices in 2020. The leisure and hospitality sector, which once had 15 million employees, lost 4 million dollars. ‘jobs since February.
Many large cities will feel the ripple effects of the Covid-19 pandemic for years to come. However, there is ample evidence to show that the pandemic may be coming to an end. The number of new cases is dropping. The number of people vaccinated is increasing. And even in cities where mitigation measures are the most restrictive, the slow process of reopening begins.
All of this cannot happen fast enough for people who depend on the travel and tourism industry for their livelihood. The hotel chains had at least some revenue to come. And at the end of the earnings season, the cheapest hotel chains could achieve revenues of 75% of their 2019 figures. But that’s not enough to bring hotels to near full employment. Especially with hotels that have bars and restaurants that have remained closed or open to limited capacity.
Many economists are optimistic that travel could start to look more normal by the summer of this year. And the global economy could generate 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the largest footprint will be in the best position as the economy reopens.
See “7 hotel stocks awaiting vaccine”.