First Western Financial (NASDAQ:MYFW) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of First Western Financial (NASDAQ:MYFW) from a sell rating to a hold rating in a report released on Monday morning.

First Western Financial Stock Performance

First Western Financial stock opened at $22.47 on Monday. The stock’s 50-day moving average is $22.47 and its 200-day moving average is $21.51. The company has a market cap of $218.41 million, a price-to-earnings ratio of 18.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.10. First Western Financial has a 12 month low of $17.10 and a 12 month high of $24.88.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, July 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.13). The company had revenue of $22.42 million for the quarter, compared to analysts’ expectations of $25.28 million. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. Equities analysts anticipate that First Western Financial will post 1.5 earnings per share for the current year.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total transaction of $117,950.00. Following the sale, the chief executive officer directly owned 757,164 shares in the company, valued at approximately $17,861,498.76. This trade represents a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.50% of the company’s stock.

Institutional Investors Weigh In On First Western Financial

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in shares of First Western Financial during the 2nd quarter valued at about $219,000. Jane Street Group LLC purchased a new stake in First Western Financial during the 2nd quarter worth approximately $245,000. Bank of America Corp DE increased its holdings in First Western Financial by 40.7% during the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company’s stock worth $296,000 after purchasing an additional 4,383 shares during the last quarter. Citadel Advisors LLC increased its holdings in First Western Financial by 10.7% during the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company’s stock worth $338,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Persistent Asset Partners Ltd increased its holdings in First Western Financial by 19.6% during the 1st quarter. Persistent Asset Partners Ltd now owns 17,384 shares of the company’s stock worth $342,000 after purchasing an additional 2,846 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

About First Western Financial

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.