First Western Financial (NASDAQ:MYFW) Director Sells $91,516.60 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 3,668 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $24.95, for a total value of $91,516.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

First Western Financial Stock Performance

MYFW stock traded up $0.58 during midday trading on Thursday, hitting $25.18. The stock had a trading volume of 13,035 shares, compared to its average volume of 28,228. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $25.52 and a 200 day simple moving average of $23.76. First Western Financial, Inc. has a 52 week low of $17.52 and a 52 week high of $28.00. The firm has a market capitalization of $244.50 million, a price-to-earnings ratio of 18.65 and a beta of 0.77.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.13). The firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.09%. As a group, equities research analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Algebris UK Ltd. bought a new stake in shares of First Western Financial in the 3rd quarter worth approximately $7,258,000. Los Angeles Capital Management LLC bought a new stake in shares of First Western Financial in the second quarter valued at $755,000. Sippican Capital Advisors lifted its position in shares of First Western Financial by 12.6% during the 2nd quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock valued at $1,017,000 after buying an additional 5,030 shares during the last quarter. Persistent Asset Partners Ltd lifted its position in shares of First Western Financial by 34.6% during the 2nd quarter. Persistent Asset Partners Ltd now owns 23,406 shares of the company’s stock valued at $528,000 after buying an additional 6,022 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new position in shares of First Western Financial during the 3rd quarter worth $819,000. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MYFW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research raised shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

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.