Analysts Set First Western Financial, Inc. (NASDAQ:MYFW) PT at $24.33

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have been given an average recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.3333.

Several research firms have commented on MYFW. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research downgraded shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Western Financial in a report on Tuesday.

Insider Activity

In related news, CEO Scott C. Wylie sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total transaction of $117,950.00. Following the completion of the transaction, the chief executive officer directly owned 757,164 shares in the company, valued at $17,861,498.76. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 15.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of First Western Financial during the 1st quarter valued at $553,000. Colorado Capital Management Inc. bought a new position in First Western Financial in the second quarter valued at about $897,000. Bank of New York Mellon Corp raised its position in First Western Financial by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after purchasing an additional 2,047 shares during the last quarter. Jacobs Asset Management LLC boosted its stake in shares of First Western Financial by 4.2% during the first quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock valued at $6,390,000 after purchasing an additional 13,053 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of First Western Financial during the second quarter worth about $755,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Price Performance

First Western Financial stock opened at $24.43 on Friday. The firm has a market cap of $237.25 million, a PE ratio of 18.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03. The stock’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $22.58. First Western Financial has a one year low of $17.10 and a one year high of $24.88.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%. As a group, research analysts expect that First Western Financial will post 1.5 EPS for the current fiscal year.

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.