First Foundation Inc. (FFWM)
First Foundation Inc. (FFWM) is a financial services company that provides banking, wealth management, and financial planning services. Headquartered in the United States, it operates through its banking subsidiary, First Foundation Bank, offering personalized banking solutions, including checking and savings accounts, loans, and deposit products. The company's wealth management division offers investment advisory, trust, and estate planning services, catering to individual and institutional clients. First Foundation emphasizes a client-focused approach and community involvement.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| May 16, 2024 | $0.01 | 2024-05-03 | 2024-05-06 |
| February 15, 2024 | $0.01 | 2024-02-02 | 2024-02-05 |
| November 16, 2023 | $0.01 | 2023-11-03 | 2023-11-06 |
| August 17, 2023 | $0.02 | 2023-08-04 | 2023-08-07 |
| May 19, 2023 | $0.02 | 2023-05-05 | 2023-05-08 |
Dividends Summary
- First Foundation Inc. has issued 22 dividend payments over the past 5 years
- The most recent dividend was paid 524 days ago, on May 16, 2024
- The highest dividend payed out to investors during this period was $0.11 per share
- The average dividend paid during this period was $0.07 per share.
Company News
U.S. regional banks are experiencing significant gains as expectations for rate cuts drive an investor shift from large-cap to small-cap stocks. The recent rally has helped regional banks recoup losses from the March 2023 failures of Silicon Valley Bank and Signature Bank.
U.S. regional banks are expected to face increased scrutiny and pressure on their earnings due to losses from commercial real estate (CRE) loans. This will likely lead them to stockpile more funds and be more conservative on stock buybacks.
Investors need to pay close attention to First Foundation (FFWM) stock based on the movements in the options market lately.
Bank shares moved up from their earlier lows Thursday but remain in negative territory.
Bank stocks are rebounding as shareholders take a breath after the chaos surrounding a trio of bank closures.
