First Western Financial, Inc. (NASDAQ:MYFW – Get Free Report) CEO Scott Wylie sold 10,000 shares of First Western Financial stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $30.55, for a total transaction of $305,500.00. Following the transaction, the chief executive officer directly owned 740,312 shares in the company, valued at $22,616,531.60. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
First Western Financial Stock Down 0.2%
Shares of NASDAQ MYFW opened at $31.36 on Friday. The stock has a market cap of $306.39 million, a P/E ratio of 16.86 and a beta of 0.71. The firm has a 50 day moving average price of $31.94 and a 200 day moving average price of $28.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. First Western Financial, Inc. has a 52-week low of $21.95 and a 52-week high of $34.36.
First Western Financial (NASDAQ:MYFW – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. Analysts expect that First Western Financial, Inc. will post 2.36 EPS for the current year.
Hedge Funds Weigh In On First Western Financial
Analysts Set New Price Targets
Several equities analysts recently issued reports on MYFW shares. Keefe, Bruyette & Woods boosted their price objective on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Zacks Research lowered First Western Financial from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Piper Sandler boosted their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.
View Our Latest Analysis on MYFW
About First Western Financial
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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