First Foundation Inc (NYSE: FFWM) has reported E.P.S. of $0.05 for its second fiscal quarter (ending June 30) versus $-3.76 for the same period a year ago. This performance was $0.05 better than the consensus estimate of $-0.00. E.P.S. were $0.16 for the latest four quarters through June 30 versus $-2.79 for the same period a year ago.
Recent Price Action
First Foundation Inc (NYSE: FFWM) stock closed at $7.05 on 7/25/24 after a very large increase of 5.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 206% of normal. The stock has risen 8.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FFWM is expected to be a modest Value Builder.
First Foundation has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First Foundation has a very high Appreciation Score of 93 but a very low Power Rating of 15, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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