Analysts Set First Western Financial, Inc. (NASDAQ:MYFW) Price Target at $24.33

First Western Financial, Inc. (NASDAQ:MYFW) has received a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.3333.

MYFW has been the topic of several recent analyst reports. Wall Street Zen upgraded First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 16th.

Insiders Place Their Bets

In other news, Director David R. Duncan sold 8,626 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott C. Mitchell sold 3,178 shares of First Western Financial stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $23.96, for a total value of $76,144.88. Following the completion of the sale, the director directly owned 5,423 shares in the company, valued at approximately $129,935.08. This represents a 36.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 36,964 shares of company stock worth $938,485. Corporate insiders own 15.50% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its position in shares of First Western Financial by 1,470.6% in the third 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 in the last quarter. BNP Paribas Financial Markets increased its stake in First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after buying an additional 441 shares during the last quarter. Focus Partners Wealth bought a new stake in First Western Financial during the 3rd quarter worth about $49,000. JPMorgan Chase & Co. boosted its stake in shares of First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after buying an additional 1,555 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of First Western Financial in the 4th quarter valued at about $208,000. 60.26% of the stock is owned by institutional investors.

First Western Financial Price Performance

Shares of MYFW stock opened at $25.19 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. First Western Financial has a 12-month low of $17.52 and a 12-month high of $28.00. The firm has a fifty day moving average of $25.90 and a 200-day moving average of $24.28. The firm has a market capitalization of $245.35 million, a price-to-earnings ratio of 18.66 and a beta of 0.76.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). First Western Financial had a return on equity of 5.06% and a net margin of 7.08%.The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. On average, equities research analysts forecast that First Western Financial will post 1.5 earnings per share 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.