FFWM Stock Summary and Trading Ideas (First Foundation | NYSE:FFWM)

First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high-net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.

First Foundation trades on the NYSE stock market under the symbol FFWM.

As of April 19, 2024, FFWM stock price climbed to $6.76 with 296,062 million shares trading.

FFWM has a beta of 3.02, meaning it tends to be more sensitive to market movements. FFWM has a correlation of 0.18 to the broad based SPY ETF.

FFWM has a market cap of $381.43 million. This is considered a Small Cap stock.

Last quarter First Foundation reported $56 million in Revenue and $.05 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.02.

In the last 3 years, FFWM stock traded as high as $29.41 and as low as $3.69.

The top ETF exchange traded funds that FFWM belongs to (by Net Assets): VTI, IWM, KRE, VXF, IWN.

FFWM has underperformed the market in the last year with a price return of +3.5% while the SPY ETF gained +21.2%. FFWM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.2% and -7.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

FFWM support price is $6.22 and resistance is $6.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FFWM stock will trade within this expected range on the day.