Shares of First Western Financial, Inc. (NASDAQ:MYFW – Get Free Report) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.33.
A number of equities research analysts have recently weighed in on the stock. 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 report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Western Financial in a report on Monday. Hovde Group started coverage on shares of First Western Financial in a research note on Friday, September 18th. They set a “hold” rating and a $33.00 price objective on the stock. Finally, Zacks Research upgraded First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th.
Read Our Latest Analysis on MYFW
Insider Activity at First Western Financial
In other First Western Financial news, CEO Scott C. Wylie sold 10,000 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the transaction, the chief executive officer directly owned 740,312 shares of the company’s stock, valued at $22,616,531.60. This represents a 1.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 13.10% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MYFW. BlackRock Inc. purchased a new position in shares of First Western Financial during the 2nd quarter valued at about $17,426,000. Algebris UK Ltd. bought a new stake in shares of First Western Financial in the 2nd quarter worth approximately $8,293,000. Wellington Management Group LLP boosted its holdings in First Western Financial by 43.6% during the second quarter. Wellington Management Group LLP now owns 747,096 shares of the company’s stock worth $23,989,000 after buying an additional 226,767 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in First Western Financial during the 2nd quarter valued at $6,261,000. Finally, Tieton Capital Management LLC bought a new position in shares of First Western Financial during the second quarter valued at $6,013,000. Institutional investors own 60.26% of the company’s stock.
First Western Financial Price Performance
NASDAQ MYFW opened at $30.71 on Friday. The firm has a market capitalization of $300.04 million, a P/E ratio of 14.35 and a beta of 0.78. First Western Financial has a 12-month low of $22.30 and a 12-month high of $34.36. The firm’s fifty day simple moving average is $30.47 and its two-hundred day simple moving average is $28.88. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64.
First Western Financial (NASDAQ:MYFW – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. First Western Financial had a net margin of 10.94% and a return on equity of 7.67%. The firm had revenue of $28.87 million during the quarter, compared to analysts’ expectations of $29.49 million. Analysts forecast that First Western Financial will post 2.40 EPS for the current fiscal year.
First Western Financial Company Profile
First Western Financial, Inc is a Denver-based financial holding company that operates through First Western Trust Bank. The company provides private banking, wealth management and trust services to high-net-worth individuals, families, businesses, foundations and nonprofit organizations.
Its banking offerings include commercial and personal lending, deposit accounts, cash management and other customized financial solutions. Through its wealth management business, First Western provides investment management, financial planning, fiduciary administration and trust services designed to support clients’ long-term financial and estate-planning needs.
First Western serves clients primarily in Colorado and selected Western U.S.
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