First Western Financial, Inc. (NASDAQ:MYFW) Given Average Rating of “Hold” by Brokerages

First Western Financial, Inc. (NASDAQ:MYFW) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.3333.

A number of research analysts have weighed in on the stock. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Western Financial in a research report on Wednesday.

Insider Buying and Selling at First Western Financial

In other news, CEO Scott C. Wylie sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the sale, the chief executive officer owned 757,164 shares of the company’s stock, valued at $17,861,498.76. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.50% of the stock is owned by insiders.

Hedge Funds Weigh In On First Western Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Algebris UK Ltd. acquired a new stake in First Western Financial in the third quarter valued at approximately $7,258,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of First Western Financial during the third quarter worth $3,012,000. Marshall Wace LLP purchased a new position in shares of First Western Financial in the second quarter valued at $2,194,000. North Reef Capital Management LP boosted its stake in shares of First Western Financial by 13.2% in the third quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock valued at $14,225,000 after purchasing an additional 72,102 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in First Western Financial by 58.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock valued at $3,598,000 after purchasing an additional 57,565 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Price Performance

Shares of First Western Financial stock opened at $23.30 on Friday. The business’s fifty day moving average price is $22.92 and its 200 day moving average price is $22.50. First Western Financial has a twelve month low of $17.10 and a twelve month high of $24.88. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $226.36 million, a P/E ratio of 18.06 and a beta of 0.89.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Friday, March 4th. The company reported $0.62 EPS for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%.The company had revenue of $23.41 million during the quarter. As a group, research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current year.

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.