Insider Selling: First Western Financial (NASDAQ:MYFW) Director Sells $76,144.88 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director Scott Mitchell sold 3,178 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $23.96, for a total transaction of $76,144.88. Following the completion of the sale, the director directly owned 5,423 shares in the company, valued at $129,935.08. This trade 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 can be accessed through the SEC website.

First Western Financial Stock Up 0.3%

NASDAQ:MYFW opened at $26.10 on Friday. First Western Financial, Inc. has a twelve month low of $17.52 and a twelve month high of $28.00. The stock has a fifty day simple moving average of $25.80 and a 200-day simple moving average of $23.82. The company has a market cap of $253.43 million, a price-to-earnings ratio of 19.33 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of First Western Financial

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in First Western Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock worth $487,000 after purchasing an additional 1,824 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of First Western Financial by 122.7% during the 1st quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock worth $796,000 after buying an additional 22,382 shares during the period. Sippican Capital Advisors lifted its position in shares of First Western Financial by 12.6% during the 2nd quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock valued at $1,017,000 after buying an additional 5,030 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in First Western Financial in the 2nd quarter valued at $755,000. Finally, Geode Capital Management LLC increased its holdings in First Western Financial by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock worth $4,100,000 after acquiring an additional 6,431 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.