Shares of First Western Financial Inc (NASDAQ:MYFW) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $17.00 for the company, according to Zacks. Zacks has also given First Western Financial an industry rank of 145 out of 255 based on the ratings given to its competitors.
MYFW has been the topic of a number of research reports. ValuEngine cut First Western Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Stephens reiterated a “hold” rating and set a $17.00 price target on shares of First Western Financial in a research report on Friday, November 1st. Finally, Zacks Investment Research cut First Western Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 16th.
Several institutional investors have recently made changes to their positions in the company. RMB Capital Management LLC raised its position in shares of First Western Financial by 1.6% during the 2nd quarter. RMB Capital Management LLC now owns 733,674 shares of the company’s stock worth $9,729,000 after purchasing an additional 11,241 shares during the period. Banc Funds Co. LLC raised its position in shares of First Western Financial by 4.0% during the 2nd quarter. Banc Funds Co. LLC now owns 581,007 shares of the company’s stock worth $7,704,000 after purchasing an additional 22,100 shares during the period. Vanguard Group Inc. raised its position in shares of First Western Financial by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 88,009 shares of the company’s stock worth $1,167,000 after purchasing an additional 18,600 shares during the period. Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of First Western Financial during the 2nd quarter worth approximately $862,000. Finally, Mesirow Financial Investment Management Inc. raised its position in shares of First Western Financial by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 40,762 shares of the company’s stock worth $539,000 after purchasing an additional 4,384 shares during the period. Institutional investors and hedge funds own 38.95% of the company’s stock.
NASDAQ MYFW traded up $0.30 on Friday, hitting $16.75. 16,200 shares of the stock traded hands, compared to its average volume of 8,780. The stock has a 50-day moving average of $15.92 and a 200 day moving average of $14.43. First Western Financial has a twelve month low of $10.91 and a twelve month high of $17.61. The company has a market capitalization of $131.77 million, a P/E ratio of 15.57 and a beta of 1.56. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13.
First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. First Western Financial had a return on equity of 6.89% and a net margin of 9.58%. The firm had revenue of $16.73 million for the quarter. As a group, equities research analysts expect that First Western Financial will post 1.2 earnings per share for the current year.
First Western Financial Company Profile
First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.
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