Piper Sandler Issues Positive Forecast for First Western Financial (NASDAQ:MYFW) Stock Price

First Western Financial (NASDAQ:MYFW) had its target price hoisted by analysts at Piper Sandler from $21.50 to $22.50 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 7.78% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Hovde Group lifted their price target on shares of First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a report on Monday.

First Western Financial Stock Up 2.6 %

Shares of MYFW traded up $0.54 during midday trading on Monday, reaching $20.88. 4,483 shares of the stock were exchanged, compared to its average volume of 26,504. 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 company’s 50 day moving average is $19.09 and its two-hundred day moving average is $19.82. First Western Financial has a 52 week low of $15.54 and a 52 week high of $22.32. The company has a market capitalization of $202.57 million, a P/E ratio of 23.99 and a beta of 0.65.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The business had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. On average, sell-side analysts anticipate that First Western Financial will post 1.5 earnings per share for the current year.

Institutional Trading of First Western Financial

Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in shares of First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock worth $285,000 after buying an additional 696 shares during the period. Tower Research Capital LLC TRC lifted its position in First Western Financial by 244.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares during the period. Empowered Funds LLC grew its stake in First Western Financial by 4.9% during the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company’s stock valued at $448,000 after purchasing an additional 1,080 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock valued at $247,000 after purchasing an additional 1,090 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of First Western Financial by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock worth $115,000 after purchasing an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.