First Western Financial, Inc. (NASDAQ:MYFW) Stock Rated “Hold” by Wall Street Analysts

First Western Financial, Inc. (NASDAQ:MYFW) has been given an average rating of “Hold” by the five brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.33.

Several equities analysts recently issued reports on the company. Zacks Research raised First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Western Financial in a research note on Monday. Hovde Group assumed coverage on shares of First Western Financial in a research note on Friday, September 18th. They set a “hold” rating and a $33.00 target price for the company. Finally, Piper Sandler raised their price objective on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 27th.

First Western Financial Trading Down 0.1%

NASDAQ MYFW opened at $30.71 on Friday. First Western Financial has a 12 month low of $22.30 and a 12 month high of $34.36. The company has a market capitalization of $300.04 million, a price-to-earnings ratio of 14.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.01. The firm’s fifty day moving average price is $30.47 and its 200 day moving average price is $28.88.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $28.87 million for the quarter, compared to the consensus estimate of $29.49 million. First Western Financial had a return on equity of 7.67% and a net margin of 10.94%. On average, sell-side analysts expect that First Western Financial will post 2.40 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Scott C. Wylie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $30.55, for a total value of $305,500.00. Following the transaction, the chief executive officer owned 740,312 shares in the company, valued at approximately $22,616,531.60. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 13.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Western Financial

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in shares of First Western Financial during the 2nd quarter valued at about $29,000. Bank of America Corp DE lifted its stake in First Western Financial by 10.8% in the first quarter. Bank of America Corp DE now owns 12,053 shares of the company’s stock valued at $296,000 after buying an additional 1,178 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of First Western Financial in the 2nd quarter valued at about $83,000. Empowered Funds LLC increased its holdings in First Western Financial by 9.4% in the 1st quarter. Empowered Funds LLC now owns 36,468 shares of the company’s stock valued at $896,000 after buying an additional 3,133 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in First Western Financial by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 261,734 shares of the company’s stock worth $6,434,000 after acquiring an additional 6,440 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

About First Western Financial

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.