First Western Financial (MYFW) Projected to Post Earnings on Thursday

First Western Financial (NASDAQ:MYFW) is projected to issue its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $24,540.00 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $18.28 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market cap of $176.58 million, a price-to-earnings ratio of 29.48 and a beta of 0.68. The stock’s 50-day moving average is $20.05 and its two-hundred day moving average is $19.30. First Western Financial has a 1-year low of $12.84 and a 1-year high of $22.32.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler raised their price objective on shares of First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Insider Transactions at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the sale, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. This trade represents a 49.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.90% 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.