First Western Financial, Inc. (NASDAQ:MYFW) Receives Average Recommendation of “Hold” from Analysts

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.3333.

Several brokerages have commented on MYFW. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th.

Insider Activity

In other news, CEO Scott C. Wylie sold 16,171 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $25.72, for a total transaction of $415,918.12. Following the completion of the sale, the chief executive officer owned 756,482 shares in the company, valued at approximately $19,456,717.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.50% of the company’s stock.

Institutional Investors Weigh In On First Western Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after buying an additional 441 shares during the last quarter. Focus Partners Wealth bought a new position in First Western Financial during the third quarter valued at approximately $49,000. JPMorgan Chase & Co. lifted its stake in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in First Western Financial in the second quarter valued at approximately $219,000. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Stock Performance

Shares of MYFW stock opened at $26.43 on Friday. The company has a 50 day moving average price of $24.75 and a 200 day moving average price of $23.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market capitalization of $256.64 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. First Western Financial has a one year low of $17.10 and a one year high of $28.00.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%. Sell-side analysts anticipate that First Western Financial will post 1.5 EPS for the current year.

First Western Financial Company Profile

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.