First Western Financial (NASDAQ:MYFW) Price Target Raised to $23.50 at Hovde Group

First Western Financial (NASDAQ:MYFW) had its target price upped by Hovde Group from $21.00 to $23.50 in a research report released on Wednesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Piper Sandler raised their price target on shares of First Western Financial from $18.00 to $20.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reduced their price target on shares of First Western Financial from $25.00 to $23.00 and set an outperform rating on the stock in a research report on Thursday, July 25th.

First Western Financial Trading Up 1.9 %

NASDAQ MYFW opened at $18.13 on Wednesday. First Western Financial has a 12 month low of $12.84 and a 12 month high of $21.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $174.43 million, a price-to-earnings ratio of 23.55 and a beta of 0.61. The company’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $16.26.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. The business had revenue of $45.03 million during the quarter, compared to the consensus estimate of $23.70 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, research analysts predict that First Western Financial will post 1 earnings per share for the current fiscal year.

Institutional Trading of First Western Financial

Several hedge funds have recently bought and sold shares of MYFW. Wasatch Advisors LP lifted its position in First Western Financial by 10.0% in the 4th quarter. Wasatch Advisors LP now owns 317,818 shares of the company’s stock valued at $6,302,000 after purchasing an additional 28,962 shares during the last quarter. BNP Paribas Financial Markets lifted its position in First Western Financial by 67.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock valued at $58,000 after purchasing an additional 1,599 shares during the last quarter. Empowered Funds LLC lifted its position in First Western Financial by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock valued at $325,000 after purchasing an additional 1,575 shares during the last quarter. Vanguard Group Inc. lifted its position in First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after purchasing an additional 4,415 shares during the last quarter. Finally, Strategic Value Bank Partners LLC lifted its position in First Western Financial by 12.9% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after purchasing an additional 28,563 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Company Profile

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