First Foundation (NASDAQ:FFWM) issued its earnings results on Tuesday. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19, MarketWatch Earnings reports. The firm had revenue of $75.26 million during the quarter, compared to the consensus estimate of $65.47 million. First Foundation had a net margin of 21.72% and a return on equity of 10.26%.
Shares of FFWM opened at $14.50 on Friday. First Foundation has a fifty-two week low of $8.01 and a fifty-two week high of $17.64. The company has a market capitalization of $647.08 million, a price-to-earnings ratio of 10.21 and a beta of 1.49. The firm has a 50-day simple moving average of $14.26 and a 200-day simple moving average of $14.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, November 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.93%. First Foundation’s dividend payout ratio (DPR) is 22.40%.
About First Foundation
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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