First Western Financial, Inc. (NASDAQ:MYFW) Receives $24.33 Average Price Target from Brokerages

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.3333.

A number of brokerages have commented on MYFW. Zacks Research lowered First Western Financial from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 16th. Weiss Ratings upgraded shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd.

First Western Financial Price Performance

MYFW stock opened at $24.50 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The firm has a market cap of $238.63 million, a price-to-earnings ratio of 18.15 and a beta of 0.76. The company’s fifty day simple moving average is $25.20 and its 200 day simple moving average is $24.47. First Western Financial has a 12-month low of $17.52 and a 12-month high of $28.00.

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

Insiders Place Their Bets

In related news, Director Scott C. Mitchell sold 3,178 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $23.96, for a total value of $76,144.88. Following the sale, the director directly owned 5,423 shares in the company, valued at approximately $129,935.08. The trade was a 36.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David R. Duncan sold 8,626 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total transaction of $220,480.56. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,793 shares of company stock worth $522,567 in the last ninety days. Insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Several large investors have recently modified their holdings of MYFW. BNP Paribas Financial Markets raised its holdings in First Western Financial by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after acquiring an additional 441 shares during the period. New York State Common Retirement Fund raised its holdings in shares of 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 acquiring an additional 1,000 shares in the last quarter. AQR Capital Management LLC raised its stake in First Western Financial by 10.0% in the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after purchasing an additional 1,198 shares in the last quarter. Barclays PLC raised its position in shares of First Western Financial by 6.1% during the 4th quarter. Barclays PLC now owns 21,788 shares of the company’s stock valued at $584,000 after buying an additional 1,244 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in First Western Financial by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after purchasing an additional 1,555 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 (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.