First Western Financial, Inc. (NASDAQ:MYFW) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of equities research analysts recently commented on MYFW shares. Wall Street Zen raised shares of 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 report on Monday, December 29th. Finally, Zacks Research lowered First Western Financial from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 16th.

Insider Activity at First Western Financial

In other news, CEO Scott C. Wylie sold 16,171 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $25.72, for a total transaction of $415,918.12. Following the sale, the chief executive officer owned 756,482 shares in the company, valued at approximately $19,456,717.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott C. Mitchell sold 3,178 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director owned 5,423 shares in the company, valued at approximately $129,935.08. This trade represents a 36.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,964 shares of company stock valued at $938,485 in the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of First Western Financial

Institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund grew its position in First Western Financial by 1,470.6% during the 3rd 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 during the last quarter. BNP Paribas Financial Markets lifted its position 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 worth $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth purchased a new position in shares of First Western Financial in the third quarter worth about $49,000. JPMorgan Chase & Co. lifted its holdings in shares of First Western Financial by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after purchasing an additional 1,555 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of First Western Financial during the fourth quarter worth about $208,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Price Performance

MYFW opened at $25.29 on Monday. The firm has a market capitalization of $245.57 million, a PE ratio of 18.73 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03. The business’s 50-day moving average is $25.96 and its two-hundred day moving average is $24.22. First Western Financial has a 1 year low of $17.52 and a 1 year high of $28.00.

First Western Financial (NASDAQ:MYFW) last released its quarterly 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). 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 analysts’ expectations of $27.50 million. Research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current fiscal year.

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.