Brokerages Set First Western Financial, Inc. (NASDAQ:MYFW) PT at $24.33

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.3333.

Several research firms have recently issued reports on MYFW. Zacks Research lowered shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Western Financial in a research note on Wednesday, November 19th.

First Western Financial Trading Up 0.2%

MYFW opened at $23.35 on Friday. The company has a market capitalization of $226.85 million, a P/E ratio of 18.10 and a beta of 0.89. The stock’s fifty day moving average is $22.93 and its two-hundred day moving average is $22.53. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. First Western Financial has a 52 week low of $17.10 and a 52 week high of $24.88.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Friday, March 4th. The company reported $0.62 EPS for the quarter. The firm had revenue of $23.41 million for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%. Analysts forecast that First Western Financial will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer directly owned 757,164 shares of the company’s stock, valued at $17,861,498.76. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 15.50% of the company’s stock.

Institutional Trading of First Western Financial

A number of hedge funds and other institutional investors have recently modified their holdings of MYFW. Algebris UK Ltd. purchased a new position in shares of First Western Financial during the 3rd quarter worth $7,258,000. Hotchkis & Wiley Capital Management LLC purchased a new position in First Western Financial during the third quarter worth about $3,012,000. Marshall Wace LLP acquired a new position in First Western Financial in the 2nd quarter valued at about $2,194,000. North Reef Capital Management LP grew its stake in shares of First Western Financial by 13.2% in the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock valued at $14,225,000 after buying an additional 72,102 shares during the period. Finally, Boothbay Fund Management LLC increased its holdings in shares of First Western Financial by 58.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock worth $3,598,000 after buying an additional 57,565 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.