First Western Financial (NASDAQ:MYFW) Upgraded at Zacks Research

Zacks Research upgraded shares of First Western Financial (NASDAQ:MYFW) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $22.47 on Monday. First Western Financial has a fifty-two week low of $17.10 and a fifty-two week high of $24.88. The firm’s 50-day simple moving average is $22.47 and its 200 day simple moving average is $21.51. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market cap of $218.41 million, a P/E ratio of 18.88 and a beta of 0.85.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a return on equity of 4.55% and a net margin of 6.50%.The business had revenue of $22.42 million during the quarter, compared to the consensus estimate of $25.28 million. Equities analysts expect that First Western Financial will post 1.5 EPS 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 dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer owned 757,164 shares of the company’s stock, valued at approximately $17,861,498.76. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.50% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

A number of institutional investors have recently bought and sold shares of MYFW. First Western Trust Bank grew its stake in First Western Financial by 0.4% during the 2nd quarter. First Western Trust Bank now owns 112,665 shares of the company’s stock valued at $2,542,000 after acquiring an additional 495 shares in the last quarter. Citadel Advisors LLC grew its stake in First Western Financial by 10.7% during the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company’s stock valued at $338,000 after acquiring an additional 1,678 shares in the last quarter. Empowered Funds LLC grew its stake in First Western Financial by 8.0% during the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after acquiring an additional 1,824 shares in the last quarter. Bank of New York Mellon Corp grew its stake in First Western Financial by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after acquiring an additional 2,047 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in First Western Financial by 2.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 82,533 shares of the company’s stock valued at $1,862,000 after acquiring an additional 2,288 shares in the last quarter. Hedge funds and other 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.