First Western Financial (NASDAQ:MYFW) Releases Quarterly Earnings Results, Hits Estimates

First Western Financial (NASDAQ:MYFW) issued its earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28, Zacks reports. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%.

First Western Financial Stock Up 10.6 %

MYFW stock opened at $20.05 on Friday. The stock has a market capitalization of $193.68 million, a P/E ratio of 32.34 and a beta of 0.68. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $19.90 and a 200-day moving average price of $19.31. First Western Financial has a 12 month low of $12.84 and a 12 month high of $22.32.

Insider Activity at First Western Financial

In other news, Director David R. Duncan sold 8,600 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total value of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. This represents a 49.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price target on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

About First Western Financial

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.