First Western Financial (NASDAQ:MYFW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Western Financial (NASDAQ:MYFW) from a sell rating to a hold rating in a report released on Sunday morning.

Several other equities analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a report on Wednesday, October 8th. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, First Western Financial has a consensus rating of “Hold” and an average target price of $24.33.

First Western Financial Stock Down 1.7%

Shares of First Western Financial stock opened at $22.40 on Friday. The company’s fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $21.87. The company has a market cap of $217.73 million, a P/E ratio of 18.82 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.80. First Western Financial has a 12-month low of $17.10 and a 12-month high of $24.88.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million during the quarter. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. Research analysts anticipate that First Western Financial will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, CEO Scott C. Wylie sold 5,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $23.59, for a total transaction of $117,950.00. Following the sale, the chief executive officer directly owned 757,164 shares of the company’s stock, valued at approximately $17,861,498.76. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.90% of the company’s stock.

Institutional Trading of First Western Financial

Several institutional investors have recently bought and sold shares of MYFW. Sippican Capital Advisors lifted its stake in First Western Financial by 61.9% during the 1st quarter. Sippican Capital Advisors now owns 40,070 shares of the company’s stock valued at $787,000 after acquiring an additional 15,325 shares during the period. Nuveen LLC bought a new position in First Western Financial during the 1st quarter valued at about $553,000. Colorado Capital Management Inc. bought a new position in First Western Financial during the 2nd quarter valued at about $897,000. Bank of New York Mellon Corp lifted its stake in First Western Financial by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after acquiring an additional 2,047 shares during the period. Finally, Jacobs Asset Management LLC lifted its stake in First Western Financial by 4.2% during the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock valued at $6,390,000 after acquiring an additional 13,053 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, 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.