First Western Financial (NASDAQ:MYFW) Posts Earnings Results, Beats Expectations By $0.20 EPS

First Western Financial (NASDAQ:MYFW) issued its quarterly earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20, Zacks reports. First Western Financial had a net margin of 7.08% and a return on equity of 5.06%.

First Western Financial Stock Performance

MYFW traded up $0.23 during trading hours on Thursday, hitting $26.04. 10,652 shares of the stock were exchanged, compared to its average volume of 25,119. The stock has a 50-day simple moving average of $25.23 and a 200-day simple moving average of $24.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.04. First Western Financial has a 12 month low of $18.34 and a 12 month high of $28.00. The stock has a market cap of $253.50 million, a price-to-earnings ratio of 19.29 and a beta of 0.66.

Insider Transactions at First Western Financial

In other First Western Financial news, Director Scott C. Mitchell sold 3,178 shares of First Western Financial stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $23.96, for a total value of $76,144.88. Following the completion of the transaction, the director directly owned 5,423 shares in the company, valued at $129,935.08. The trade was a 36.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David R. Duncan sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,793 shares of company stock worth $522,567 in the last three months. 15.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after buying an additional 441 shares during the period. AQR Capital Management LLC grew its position in shares of First Western Financial by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock worth $354,000 after acquiring an additional 1,198 shares during the last quarter. Barclays PLC grew its position in shares of First Western Financial by 6.1% during the fourth quarter. Barclays PLC now owns 21,788 shares of the company’s stock worth $584,000 after acquiring an additional 1,244 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after acquiring an additional 1,555 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in First Western Financial by 6.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,886 shares of the company’s stock valued at $748,000 after purchasing an additional 1,727 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of First Western Financial from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings downgraded First Western Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.17.

First Western Financial Company Profile

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.