First Western Financial (MYFW) Scheduled to Post Earnings on Thursday

First Western Financial (NASDAQ:MYFWGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect First Western Financial to post earnings of $0.59 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFWGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The company reported $0.57 earnings per share for the quarter. The business had revenue of $23.93 million for the quarter. First Western Financial had a return on equity of 13.11% and a net margin of 20.19%. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, analysts expect First Western Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Western Financial stock opened at $33.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 1.07. The business’s 50-day simple moving average is $32.24 and its two-hundred day simple moving average is $31.31. The company has a market cap of $314.96 million, a PE ratio of 13.31 and a beta of 0.71. First Western Financial has a fifty-two week low of $24.04 and a fifty-two week high of $34.20.

Separately, Zacks Investment Research downgraded First Western Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th.

In related news, Director Scott C. Mitchell bought 1,500 shares of the stock in a transaction dated Friday, February 18th. The shares were purchased at an average price of $32.98 per share, for a total transaction of $49,470.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in First Western Financial by 6,527.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,386 shares of the company’s stock worth $72,000 after purchasing an additional 2,350 shares during the period. Royal Bank of Canada boosted its position in First Western Financial by 351.6% during the second quarter. Royal Bank of Canada now owns 3,753 shares of the company’s stock worth $97,000 after purchasing an additional 2,922 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in First Western Financial during the fourth quarter worth approximately $209,000. Alliancebernstein L.P. purchased a new position in First Western Financial during the fourth quarter worth approximately $406,000. Finally, Renaissance Technologies LLC purchased a new position in First Western Financial during the fourth quarter worth approximately $461,000. Hedge funds and other institutional investors own 43.28% of the company’s stock.

About First Western Financial (Get Rating)

First Western Financial, Inc, a financial holding company, provides wealth management, private banking, 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, insurance, and trust and investment management advisory products and services.

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Earnings History for First Western Financial (NASDAQ:MYFW)

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