Shares of First Western Financial Inc (NASDAQ:MYFW) have been assigned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a buy rating on the company.
Brokerages have set a twelve-month consensus target price of $19.50 for the company, according to Zacks. Zacks has also assigned First Western Financial an industry rank of 217 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th.
Several hedge funds and other institutional investors have recently bought and sold shares of MYFW. M3F Inc. acquired a new position in shares of First Western Financial during the first quarter valued at approximately $1,257,000. Banc Funds Co. LLC increased its stake in shares of First Western Financial by 15.5% during the first quarter. Banc Funds Co. LLC now owns 558,907 shares of the company’s stock valued at $7,327,000 after acquiring an additional 74,811 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of First Western Financial by 21.8% during the first quarter. Kennedy Capital Management Inc. now owns 225,167 shares of the company’s stock valued at $2,952,000 after acquiring an additional 40,240 shares during the period. Northern Trust Corp acquired a new position in shares of First Western Financial during the fourth quarter valued at approximately $433,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of First Western Financial during the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 36.09% of the company’s stock.
Shares of NASDAQ:MYFW traded up $0.13 during trading hours on Friday, hitting $13.41. The stock had a trading volume of 3,090 shares, compared to its average volume of 2,447. The firm has a fifty day moving average price of $13.19. First Western Financial has a 1-year low of $10.91 and a 1-year high of $20.10. The firm has a market capitalization of $106.03 million and a price-to-earnings ratio of 18.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.02.
First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. First Western Financial had a net margin of 8.99% and a return on equity of 5.34%. The company had revenue of $14.95 million for the quarter. On average, sell-side analysts anticipate that First Western Financial will post 1.1 EPS for the current fiscal year.
About First Western Financial
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.
Featured Article: What is the Quick Ratio?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Western Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Western Financial and related companies with MarketBeat.com's FREE daily email newsletter.