First Western Financial (NASDAQ:MYFW) Raised to Hold at Wall Street Zen

First Western Financial (NASDAQ:MYFW) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other brokerages have also commented on MYFW. Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a research report on Wednesday, October 8th. Zacks Research raised shares of First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

First Western Financial Stock Performance

Shares of MYFW stock opened at $22.78 on Friday. The company’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $21.87. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market cap of $221.42 million, a PE ratio of 19.14 and a beta of 0.85. First Western Financial has a 12 month low of $17.10 and a 12 month high of $24.88.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Friday, March 4th. The company reported $0.62 EPS for the quarter. The business had revenue of $23.41 million for the quarter. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. Equities research analysts expect that First Western Financial will post 1.5 EPS for the current fiscal year.

Insider Activity at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer directly owned 757,164 shares in the company, valued at $17,861,498.76. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

Several institutional investors and hedge funds have recently modified their holdings of MYFW. Marshall Wace LLP acquired a new position in shares of First Western Financial in the second quarter valued at $2,194,000. Colorado Capital Management Inc. acquired a new position in shares of First Western Financial in the second quarter valued at $897,000. Los Angeles Capital Management LLC acquired a new position in shares of First Western Financial in the second quarter valued at about $755,000. Nuveen LLC acquired a new position in shares of First Western Financial in the first quarter valued at about $553,000. Finally, Strs Ohio acquired a new position in shares of First Western Financial in the first quarter valued at about $489,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.