First Western Financial, Inc. (NASDAQ:MYFW) Receives $25.17 Consensus Target Price from Analysts

First Western Financial, Inc. (NASDAQ:MYFW) has been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.1667.

A number of equities research analysts have commented on the company. Piper Sandler reduced their target price on First Western Financial from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Zacks Research upgraded First Western Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings lowered shares of First Western Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 8th.

Insider Buying and Selling

In other First Western Financial news, Director Scott C. Mitchell sold 3,178 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director directly owned 5,423 shares in the company, valued at $129,935.08. This represents a 36.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David R. Duncan sold 8,626 shares of First Western Financial stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,793 shares of company stock worth $522,567. 15.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

Several institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted 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 valued at $25,000 after buying an additional 1,000 shares during the period. BNP Paribas Financial Markets increased its stake in shares of First Western Financial by 37.1% during 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 period. Focus Partners Wealth purchased a new stake in shares of First Western Financial during the third quarter worth approximately $49,000. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Finally, R Squared Ltd purchased a new position in First Western Financial in the fourth quarter worth approximately $208,000. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Stock Performance

MYFW opened at $26.04 on Tuesday. The firm has a market capitalization of $253.63 million, a PE ratio of 19.29 and a beta of 0.66. First Western Financial has a twelve month low of $18.34 and a twelve month high of $28.00. The firm’s 50-day moving average price is $25.24 and its 200 day moving average price is $24.85. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.19. The firm had revenue of $28.27 million for the quarter, compared to the consensus estimate of $27.30 million. First Western Financial had a return on equity of 5.06% and a net margin of 7.08%. As a group, sell-side analysts expect that First Western Financial will post 2.11 EPS for the current fiscal 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.