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

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.1667.

MYFW has been the subject of a number of research reports. Piper Sandler lowered their price objective on shares of First Western Financial from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings downgraded shares of First Western Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 8th.

Insider Transactions at First Western Financial

In other First Western Financial news, Director Scott C. Mitchell sold 3,178 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $23.96, for a total value of $76,144.88. Following the completion of the transaction, the director directly owned 5,423 shares in the company, valued at approximately $129,935.08. The trade was a 36.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David R. Duncan sold 8,626 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. The disclosure for this sale is available in the SEC filing. Insiders sold 20,793 shares of company stock valued at $522,567 over the last quarter. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

Large investors have recently added to or reduced their stakes in the company. Algebris UK Ltd. bought a new position in First Western Financial in the third quarter worth about $7,258,000. North Reef Capital Management LP raised its holdings in 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 worth $14,225,000 after purchasing an additional 72,102 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in First Western Financial by 58.3% in the third quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock worth $3,598,000 after purchasing an additional 57,565 shares in the last quarter. Permanent Capital Management LP bought a new position in First Western Financial in the fourth quarter worth about $563,000. Finally, SummerHaven Investment Management LLC bought a new position in First Western Financial in the third quarter worth about $819,000. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Stock Down 0.1%

NASDAQ:MYFW opened at $26.89 on Tuesday. First Western Financial has a 1-year low of $18.03 and a 1-year high of $28.00. The company has a 50-day moving average of $25.23 and a 200 day moving average of $24.81. The firm has a market cap of $261.91 million, a PE ratio of 19.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.04.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). First Western Financial had a return on equity of 5.06% and a net margin of 7.08%.The business had revenue of $26.71 million during the quarter, compared to analysts’ expectations of $27.50 million. As a group, research analysts anticipate that First Western Financial will post 2.11 EPS for the current fiscal year.

About First Western Financial

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.