Scott Wylie Sells 1,083 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 1,083 shares of First Western Financial stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total transaction of $30,887.16. Following the sale, the chief executive officer directly owned 756,729 shares of the company’s stock, valued at $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

First Western Financial Stock Performance

NASDAQ MYFW opened at $28.41 on Friday. First Western Financial, Inc. has a 52-week low of $20.11 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market capitalization of $276.40 million, a P/E ratio of 18.33 and a beta of 0.72. The company has a fifty day moving average of $26.52 and a 200-day moving average of $25.62.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.19. First Western Financial had a net margin of 8.02% and a return on equity of 5.74%. The company had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. As a group, equities research analysts predict that First Western Financial, Inc. will post 2.44 EPS for the current fiscal year.

Institutional Trading of First Western Financial

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the last quarter. New York State Common Retirement Fund lifted its stake in First Western Financial by 1,470.6% in the third quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE increased its position in shares of First Western Financial by 10.8% in the first quarter. Bank of America Corp DE now owns 12,053 shares of the company’s stock valued at $296,000 after acquiring an additional 1,178 shares during the period. AQR Capital Management LLC increased its position in shares of First Western Financial by 10.0% in the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after acquiring an additional 1,198 shares during the period. Finally, Barclays PLC increased its position in shares of First Western Financial by 6.1% in the fourth quarter. Barclays PLC now owns 21,788 shares of the company’s stock valued at $584,000 after acquiring an additional 1,244 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MYFW has been the subject of several recent research reports. Zacks Research raised shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Piper Sandler boosted their price target on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $27.00.

First Western Financial Company Profile

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.