First Western Financial (NASDAQ:MYFW) Given New $25.00 Price Target at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its target price trimmed by Piper Sandler from $26.00 to $25.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Zacks Research raised First Western Financial from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

First Western Financial Stock Performance

Shares of NASDAQ MYFW opened at $24.89 on Thursday. The company has a market cap of $242.43 million, a P/E ratio of 18.44 and a beta of 0.66. First Western Financial has a 52-week low of $17.52 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.05. The firm’s fifty day moving average is $25.03 and its two-hundred day moving average is $24.50.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. As a group, analysts anticipate that First Western Financial will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David R. Duncan sold 8,626 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total value of $220,480.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott C. Mitchell sold 3,178 shares of First Western Financial stock in a transaction on Monday, January 26th. The stock was sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director directly owned 5,423 shares of the company’s stock, valued at $129,935.08. The trade was a 36.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 20,793 shares of company stock valued at $522,567. 15.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the period. New York State Common Retirement Fund grew its stake in shares of First Western Financial by 1,470.6% during the third quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of First Western Financial by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after buying an additional 1,198 shares during the last quarter. Barclays PLC raised its holdings in shares of First Western Financial by 6.1% in the fourth quarter. Barclays PLC now owns 21,788 shares of the company’s stock worth $584,000 after buying an additional 1,244 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after buying an additional 1,555 shares during the period. 60.26% of the stock is currently owned by 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.