First Western Financial (NASDAQ:MYFW) Rating Increased to Hold at Wall Street Zen

First Western Financial (NASDAQ:MYFW) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $23.50 on Friday. The company has a market capitalization of $228.42 million, a PE ratio of 19.75 and a beta of 0.87. The company has a 50 day simple moving average of $22.79 and a two-hundred day simple moving average of $21.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11. First Western Financial has a fifty-two week low of $17.10 and a fifty-two week high of $24.88.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The firm had revenue of $22.42 million for the quarter, compared to analyst estimates of $25.28 million. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. Research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 5,000 shares of First Western Financial stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total transaction of $117,950.00. Following the completion of the transaction, the chief executive officer owned 757,164 shares of the company’s stock, valued at $17,861,498.76. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 15.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in First Western Financial by 244.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock worth $25,000 after buying an additional 894 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of First Western Financial during the 2nd quarter worth approximately $219,000. Jane Street Group LLC acquired a new stake in shares of First Western Financial during the 2nd quarter worth approximately $245,000. Bank of America Corp DE grew its position in shares of First Western Financial by 40.7% during the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company’s stock worth $296,000 after buying an additional 4,383 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of First Western Financial during the 2nd quarter worth approximately $357,000. Institutional investors own 60.26% of the company’s stock.

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.