Scott Wylie Sells 10,000 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 10,000 shares of First Western Financial stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the sale, the chief executive officer directly owned 740,312 shares of the company’s stock, valued at approximately $22,616,531.60. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Western Financial Price Performance

Shares of First Western Financial stock opened at $31.43 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $307.07 million, a PE ratio of 16.90 and a beta of 0.71. The business’s 50-day moving average price is $31.95 and its 200-day moving average price is $28.77. First Western Financial, Inc. has a 12 month low of $21.31 and a 12 month high of $34.36.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%.The company had revenue of $28.14 million during the quarter, compared to the consensus estimate of $28.57 million. Sell-side analysts forecast that First Western Financial, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Piper Sandler increased their target price on shares of First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Zacks Research downgraded shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods upped their price target on shares of First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings upgraded First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc bought a new stake in First Western Financial during the 2nd quarter valued at $29,000. BNP Paribas Financial Markets increased its position in shares of First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth bought a new position in shares of First Western Financial during the third quarter valued at about $49,000. Public Employees Retirement System of Ohio bought a new position in shares of First Western Financial during the second quarter valued at about $83,000. Finally, California State Teachers Retirement System boosted its holdings in shares of First Western Financial by 731.5% during the second quarter. California State Teachers Retirement System now owns 3,725 shares of the company’s stock worth $116,000 after purchasing an additional 3,277 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.