First Western Financial Inc (NASDAQ:MYFW) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price target of $17.00 for the company, according to Zacks. Zacks has also given First Western Financial an industry rank of 83 out of 255 based on the ratings given to related companies.
Several research analysts recently commented on the company. ValuEngine lowered First Western Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Stephens reiterated a “hold” rating and issued a $17.00 price target on shares of First Western Financial in a research report on Friday, November 1st.
Shares of First Western Financial stock traded up $0.05 during trading on Friday, reaching $16.55. 11,274 shares of the stock traded hands, compared to its average volume of 8,769. The company has a market capitalization of $131.77 million, a price-to-earnings ratio of 15.57 and a beta of 1.55. The business has a fifty day simple moving average of $16.42 and a two-hundred day simple moving average of $14.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 0.97. First Western Financial has a 52-week low of $10.91 and a 52-week high of $17.61.
First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The company had revenue of $16.73 million during the quarter. First Western Financial had a return on equity of 6.89% and a net margin of 9.58%. On average, research analysts predict that First Western Financial will post 1.18 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYFW. Acadian Asset Management LLC grew its position in First Western Financial by 9,057.6% in the second quarter. Acadian Asset Management LLC now owns 5,403 shares of the company’s stock worth $72,000 after acquiring an additional 5,344 shares in the last quarter. Context BH Capital Management LP purchased a new position in First Western Financial in the second quarter worth about $367,000. Banc Funds Co. LLC grew its position in First Western Financial by 4.0% in the second quarter. Banc Funds Co. LLC now owns 581,007 shares of the company’s stock worth $7,704,000 after acquiring an additional 22,100 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new position in First Western Financial in the second quarter worth about $862,000. Finally, RMB Capital Management LLC grew its position in First Western Financial by 1.6% in the second quarter. RMB Capital Management LLC now owns 733,674 shares of the company’s stock worth $9,729,000 after acquiring an additional 11,241 shares in the last quarter. Institutional investors own 40.21% of the company’s stock.
First Western Financial Company Profile
First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.
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