First Foundation Inc (NASDAQ:FFWM) Declares Dividend of $0.05

First Foundation Inc (NASDAQ:FFWM) announced a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.05 per share by the bank on Monday, December 16th. The ex-dividend date is Friday, November 29th.

NASDAQ:FFWM opened at $16.54 on Thursday. The stock’s 50 day moving average price is $15.74 and its 200 day moving average price is $14.52. The company has a market capitalization of $735.00 million, a PE ratio of 14.14 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 0.86. First Foundation has a 52-week low of $11.79 and a 52-week high of $16.77.

First Foundation (NASDAQ:FFWM) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. First Foundation had a return on equity of 9.52% and a net margin of 19.41%. The company had revenue of $57.11 million for the quarter, compared to the consensus estimate of $56.83 million. As a group, sell-side analysts anticipate that First Foundation will post 1.23 EPS for the current fiscal year.

In other First Foundation news, CFO John Michel sold 5,000 shares of First Foundation stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $15.74, for a total value of $78,700.00. Following the transaction, the chief financial officer now directly owns 37,000 shares in the company, valued at approximately $582,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.90% of the company’s stock.

Several research analysts have weighed in on FFWM shares. BidaskClub downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Zacks Investment Research downgraded First Foundation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, ValuEngine upgraded First Foundation from a “sell” rating to a “hold” rating in a research note on Friday, November 1st.

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 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.

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