First Foundation Inc. (NYSE: FFWM) stock jumped 1.40% on Friday to $7.98 against a previous-day closing price of $7.87. With 2.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.9 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $8.06 whereas the lowest price it dropped to was $7.75. The 52-week range on FFWM shows that it touched its highest point at $20.09 and its lowest point at $3.69 during that stretch. It currently has a 1-year price target of $9.20. With its current market cap of 444.17 million, FFWM has annualized dividend of $0.08 while the current yield stands at 1.00%. Beta for the stock currently stands at 0.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FFWM was up-trending over the past week, with a rise of 5.00%, but this was up by 11.14% over a month. Three-month performance surged to 55.86% while six-month performance fell -8.17%. The stock lost -58.31% in the past year, while it has lost -44.31% so far this year. A look at the trailing 12-month EPS for FFWM yields -2.79 with Next year EPS estimates of 0.87. For the next quarter, that number is 0.09. This implies an EPS growth rate of -18.80% for this year and 115.84% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.90%.
Float and Shares Shorts:
At present, 56.43 million FFWM shares are outstanding with a float of 51.19 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.82 million, which was 5.00% higher than short shares on Jul 13, 2023. In addition to Mr. Ulrich Emanuel Keller Jr., CFP, CFP as the firm’s Exec. Chairman, Mr. Scott Farris Kavanaugh serves as its CEO, Pres & Vice Chairman.
Through their ownership of 69.70% of FFWM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.22% of FFWM, in contrast to 29.21% held by mutual funds. Shares owned by individuals account for 12.74%. As the largest shareholder in FFWM with 6.78% of the stake, BlackRock Fund Advisors holds 3,826,387 shares worth 3,826,387. A second-largest stockholder of FFWM, FIAM LLC, holds 2,656,824 shares, controlling over 4.71% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FFWM, holding 2,638,343 shares or 4.67% stake. With a 4.04% stake in FFWM, the Fidelity Small Cap Value Fund is the largest stakeholder. A total of 2,281,375 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.78% of FFWM stock, is the second-largest Mutual Fund holder. It holds 1,567,086 shares valued at 12.32 million. iShares Russell 2000 ETF holds 2.17% of the stake in FFWM, owning 1,223,571 shares worth 9.62 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FFWM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FFWM analysts setting a high price target of $12.00 and a low target of $7.50, the average target price over the next 12 months is $9.20. Based on these targets, FFWM could surge 50.38% to reach the target high and fall by -6.02% to reach the target low. Reaching the average price target will result in a growth of 15.29% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded FFWM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 137,017 while 225,549 shares were sold.