First Western Financial, Inc. (NASDAQ:MYFW) Receives $24.33 Consensus PT from Analysts

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.3333.

Several research firms have recently issued reports on MYFW. Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research report on Wednesday, October 8th.

Insider Activity

In other news, CEO Scott C. Wylie sold 5,000 shares of First Western Financial stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total transaction of $117,950.00. Following the sale, the chief executive officer owned 757,164 shares in the company, valued at $17,861,498.76. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Western Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sippican Capital Advisors raised its position in shares of First Western Financial by 6.0% during the third quarter. Sippican Capital Advisors now owns 47,825 shares of the company’s stock valued at $1,101,000 after buying an additional 2,725 shares during the last quarter. Boothbay Fund Management LLC grew its holdings in shares of First Western Financial by 5.5% in the second quarter. Boothbay Fund Management LLC now owns 98,717 shares of the company’s stock valued at $2,227,000 after purchasing an additional 5,165 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of First Western Financial by 2.9% in the second quarter. Bridgeway Capital Management LLC now owns 82,533 shares of the company’s stock valued at $1,862,000 after purchasing an additional 2,288 shares in the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of First Western Financial by 9.1% in the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company’s stock valued at $6,329,000 after purchasing an additional 23,317 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Western Financial in the second quarter valued at $245,000. Institutional investors own 60.26% of the company’s stock.

First Western Financial Trading Down 0.4%

Shares of MYFW stock opened at $22.66 on Tuesday. First Western Financial has a 52-week low of $17.10 and a 52-week high of $24.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market capitalization of $220.26 million, a PE ratio of 17.57 and a beta of 0.85. The stock has a fifty day simple moving average of $22.90 and a two-hundred day simple moving average of $22.09.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. First Western Financial had a return on equity of 4.93% and a net margin of 6.91%.The business had revenue of $23.41 million during the quarter. On average, analysts predict that First Western Financial will post 1.5 EPS for the current fiscal year.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.