First Foundation Inc (NYSE: FFWM) has reported a loss for its third fiscal quarter (ending September 30) of $-1.23 versus $0.04 for the same period a year ago — a decline of -3175%. For the latest four quarters through September 30, E.P.S. were $-1.25 versus $-3.26 for the same period a year ago — a decline of -62%.
Recent Price Action
First Foundation Inc (NYSE: FFWM) stock suffered a large decline of -6.9% on 10/29/24. The stock closed at $7.23. Moreover, trading volume in this decline was unusually high at 162% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.6% during the last week.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. First Foundation has a very high Appreciation Score of 90 but a neutral Power Rating of 49, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment