First Western Financial, Inc. (MYFW) – What Are Brokerages Saying About This Stock?

First Western Financial, Inc. (NASDAQ:MYFW) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.33.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. Hovde Group began coverage on shares of First Western Financial in a research report on Friday, September 18th. They issued a “hold” rating and a $33.00 price objective for the company. Weiss Ratings raised shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler boosted their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 27th.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $29.05 on Tuesday. The stock has a market cap of $283.82 million, a PE ratio of 15.83 and a beta of 0.76. First Western Financial has a fifty-two week low of $22.00 and a fifty-two week high of $34.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a fifty day moving average of $30.62 and a 200-day moving average of $30.02.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%. The company had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. Equities research analysts anticipate that First Western Financial will post 2.39 earnings per share for the current year.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 10,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $30.55, for a total value of $305,500.00. Following the completion of the transaction, the chief executive officer directly owned 740,312 shares of the company’s stock, valued at $22,616,531.60. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in First Western Financial by 43.6% during the second quarter. Wellington Management Group LLP now owns 747,096 shares of the company’s stock valued at $23,989,000 after buying an additional 226,767 shares during the period. North Reef Capital Management LP boosted its stake in First Western Financial by 4.5% during the first quarter. North Reef Capital Management LP now owns 716,609 shares of the company’s stock valued at $17,614,000 after buying an additional 30,655 shares during the period. BlackRock Inc. purchased a new position in First Western Financial during the second quarter worth about $17,426,000. Dimensional Fund Advisors LP grew its position in First Western Financial by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 261,734 shares of the company’s stock worth $6,434,000 after buying an additional 6,440 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new position in First Western Financial during the second quarter worth about $8,293,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Company Profile

First Western Financial, Inc is a financial holding company headquartered in Denver, Colorado. Through its principal subsidiary, First Western Trust Bank, the company provides private banking, wealth management, trust and investment management, and commercial banking services to individuals, families, entrepreneurs, professionals, and businesses.

Its banking activities include deposit accounts, residential and commercial real estate lending, commercial loans, construction financing, and other credit solutions.