First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 10,000 Shares

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 10,000 shares of First Western Financial stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $30.55, for a total value of $305,500.00. Following the transaction, the chief executive officer owned 740,312 shares in the company, valued at $22,616,531.60. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Western Financial Stock Up 1.9%

Shares of MYFW traded up $0.59 on Wednesday, hitting $31.02. The company’s stock had a trading volume of 59,362 shares, compared to its average volume of 42,247. The firm’s fifty day moving average price is $31.94 and its 200-day moving average price is $28.70. First Western Financial, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $34.36. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $302.91 million, a price-to-earnings ratio of 16.68 and a beta of 0.71.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $28.14 million for the quarter, compared to the consensus estimate of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. On average, equities research analysts expect that First Western Financial, Inc. will post 2.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MYFW. Weiss Ratings raised shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Zacks Research downgraded shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Piper Sandler upped their target price on First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in First Western Financial in the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets raised its stake in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after buying an additional 441 shares during the period. Focus Partners Wealth acquired a new stake in shares of First Western Financial in the third quarter valued at approximately $49,000. Public Employees Retirement System of Ohio acquired a new stake in shares of First Western Financial in the second quarter valued at approximately $83,000. Finally, California State Teachers Retirement System boosted its stake in shares of First Western Financial by 731.5% during the 2nd quarter. California State Teachers Retirement System now owns 3,725 shares of the company’s stock worth $116,000 after acquiring an additional 3,277 shares during the period. Institutional investors own 60.26% of the company’s stock.

First Western Financial Company Profile

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.