First Western Financial (NASDAQ:MYFW) Stock Rating Lowered by Zacks Research

First Western Financial (NASDAQ:MYFW) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of First Western Financial from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Western Financial in a report on Tuesday, July 21st. Finally, Piper Sandler increased 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

First Western Financial Stock Up 2.5%

NASDAQ:MYFW opened at $31.53 on Monday. First Western Financial has a 1 year low of $20.40 and a 1 year high of $34.36. The stock has a 50-day moving average price of $30.95 and a two-hundred day moving average price of $27.76. The stock has a market cap of $306.79 million, a price-to-earnings ratio of 16.95 and a beta of 0.71. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. First Western Financial had a return on equity of 6.91% and a net margin of 9.50%.The company had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. As a group, equities analysts expect that First Western Financial will post 2.36 earnings per share for the current year.

Insider Activity

In related news, CEO Scott C. Wylie sold 1,083 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the completion of the transaction, the chief executive officer owned 756,729 shares in the company, valued at approximately $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of First Western Financial by 119.2% in the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company’s stock valued at $6,506,000 after buying an additional 131,955 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in First Western Financial during the third quarter worth approximately $3,012,000. Marshall Wace LLP acquired a new stake in shares of First Western Financial in the second quarter valued at approximately $2,194,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Western Financial by 36,113.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock worth $2,039,000 after acquiring an additional 75,838 shares during the period. Finally, North Reef Capital Management LP boosted its stake in shares of First Western Financial by 11.0% during the 4th quarter. North Reef Capital Management LP now owns 685,954 shares of the company’s stock worth $18,390,000 after acquiring an additional 68,130 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

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.