Scott C. Wylie Sells 5,000 Shares of First Western Financial, Inc. (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott C. Wylie sold 5,000 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $21.53, for a total value of $107,650.00. Following the completion of the transaction, the chief executive officer now owns 767,164 shares in the company, valued at $16,517,040.92. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Western Financial Price Performance

NASDAQ:MYFW opened at $22.27 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $215.28 million, a P/E ratio of 25.60 and a beta of 0.82. First Western Financial, Inc. has a 12 month low of $15.54 and a 12 month high of $22.77. The business’s 50-day moving average is $19.44 and its 200 day moving average is $19.86.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. The company had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.10 million. On average, equities research analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Western Financial

Several large investors have recently added to or reduced their stakes in the stock. First Western Trust Bank increased its stake in First Western Financial by 0.4% during the first quarter. First Western Trust Bank now owns 112,170 shares of the company’s stock worth $2,204,000 after acquiring an additional 495 shares during the last quarter. Hsbc Holdings PLC increased its stake in First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock worth $285,000 after acquiring an additional 696 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in First Western Financial by 244.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares during the last quarter. Empowered Funds LLC increased its stake in First Western Financial by 4.9% during the fourth quarter. Empowered Funds LLC now owns 22,939 shares of the company’s stock worth $448,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in First Western Financial by 9.5% during the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock worth $247,000 after acquiring an additional 1,090 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MYFW has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Piper Sandler boosted their target price on First Western Financial from $21.50 to $22.50 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Finally, Hovde Group boosted their target price on First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a research report on Monday, April 28th.

First Western Financial Company Profile

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.