First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 1,083 Shares

First Western Financial, Inc. (NASDAQ:MYFWGet Free Report) CEO Scott Wylie sold 1,083 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total value of $30,887.16. Following the sale, the chief executive officer owned 756,729 shares of the company’s stock, valued at $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Western Financial Stock Up 0.2%

Shares of First Western Financial stock opened at $28.41 on Friday. The business has a 50-day moving average of $26.52 and a 200-day moving average of $25.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market capitalization of $276.43 million, a PE ratio of 18.33 and a beta of 0.72. First Western Financial, Inc. has a 1-year low of $20.11 and a 1-year high of $30.00.

First Western Financial (NASDAQ:MYFWGet Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.19. The company had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%. As a group, equities analysts forecast that First Western Financial, Inc. will post 2.44 EPS for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund boosted its stake in First Western Financial by 1,470.6% in the third quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. BNP Paribas Financial Markets boosted its stake 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 valued at $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth acquired a new position in First Western Financial in the third quarter valued at approximately $49,000. JPMorgan Chase & Co. boosted its stake in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after acquiring an additional 1,555 shares during the period. Finally, R Squared Ltd acquired a new position in First Western Financial in the fourth quarter valued at approximately $208,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MYFW shares. Piper Sandler increased their price target on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Check Out Our Latest Analysis on MYFW

First Western Financial Company Profile

(Get Free Report)

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.

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