Scott Mitchell Sells 915 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director Scott Mitchell sold 915 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.00, for a total transaction of $23,790.00. Following the completion of the transaction, the director owned 4,508 shares in the company, valued at approximately $117,208. This represents a 16.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Western Financial Price Performance

MYFW stock opened at $26.10 on Friday. The business’s fifty day moving average price is $25.80 and its 200 day moving average price is $23.83. First Western Financial, Inc. has a 12-month low of $17.52 and a 12-month high of $28.00. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $253.43 million, a PE ratio of 19.33 and a beta of 0.76.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.13). The firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.09%. On average, sell-side analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Institutional Trading of First Western Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. North Reef Capital Management LP boosted its position in shares of First Western Financial by 13.2% during the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock worth $14,225,000 after acquiring an additional 72,102 shares in the last quarter. Algebris UK Ltd. increased its stake in First Western Financial by 8.0% in the fourth quarter. Algebris UK Ltd. now owns 340,807 shares of the company’s stock valued at $9,141,000 after purchasing an additional 25,358 shares during the last quarter. Mendon Capital Advisors Corp raised its holdings in First Western Financial by 9.1% during the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company’s stock worth $6,329,000 after purchasing an additional 23,317 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Western Financial by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 250,077 shares of the company’s stock worth $5,758,000 after buying an additional 12,730 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of First Western Financial by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock worth $4,100,000 after buying an additional 6,431 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on MYFW shares. Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Wall Street Zen upgraded First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.33.

About First Western Financial

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.