First Western Financial (NASDAQ:MYFW) Given New $33.00 Price Target at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price target raised by equities researchers at Keefe, Bruyette & Woods from $29.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 5.20% from the company’s previous close.

Other equities analysts have also issued reports about the company. Piper Sandler boosted their target price on First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. 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. Finally, Weiss Ratings upgraded shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $30.00.

First Western Financial Trading Up 2.3%

Shares of NASDAQ:MYFW traded up $0.71 during midday trading on Thursday, hitting $31.37. The company had a trading volume of 40,148 shares, compared to its average volume of 31,997. First Western Financial has a 12 month low of $20.40 and a 12 month high of $31.50. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The stock has a market cap of $305.23 million, a price-to-earnings ratio of 20.24 and a beta of 0.73. The firm has a fifty day simple moving average of $28.64 and a 200 day simple moving average of $26.62.

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

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 1,083 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were 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 in the company, valued at approximately $21,581,911.08. This trade represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On First Western Financial

Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in shares of First Western Financial by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after acquiring an additional 441 shares during the period. Bank of America Corp DE boosted its stake in First Western Financial by 10.8% in the 1st quarter. Bank of America Corp DE now owns 12,053 shares of the company’s stock worth $296,000 after purchasing an additional 1,178 shares during the period. AQR Capital Management LLC increased its holdings in First Western Financial by 10.0% during the 4th quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock worth $354,000 after purchasing an additional 1,198 shares in the last quarter. Barclays PLC increased its holdings in First Western Financial by 6.1% during the 4th quarter. Barclays PLC now owns 21,788 shares of the company’s stock worth $584,000 after purchasing an additional 1,244 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after purchasing an additional 1,555 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.