First Foundation Inc. (NASDAQ:FFWM) is set to announce second quarter earning results on Monday 20th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FFWM to report 2Q20 income of $ 0.36 per share from revenue of $ 56.12 million.
For the full year, analysts anticipate top line of $ 236.77 million, while looking forward to income of $ 1.56 per share bottom line.
Previous Quarter Performance
First Foundation Inc. posted income for the first quarter of $ 0.29 per share, from the revenue of $ 55.54 million. The quarterly earnings decreased 41.01 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.29 per share from $ 54.12 million in revenue. The bottom line results street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 1.42 million or 2.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FFWM was $ 15.47, representing a 93.13 % increase from the 52 week low of $ 8.01 and a 12.3 % decrease over the 52 week high of $ 17.64.
The company has a market capital of $ 690.35 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 10th June 2020, maintained by Raymond James at Outperform rating, with $ 19.00 target price.
Recent Stock Dividend Announcement
On April 28, 2020, the board of directors authorized quarterly dividend of $ 0.07 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 15, 2020 and ex-dividend date on May 29, 2020.
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.
