First Western Financial (NASDAQ:MYFW) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of First Western Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 16th.

MYFW traded down $0.08 on Tuesday, reaching $15.50. 4,600 shares of the company’s stock were exchanged, compared to its average volume of 8,869. The stock has a market cap of $125.63 million, a PE ratio of 16.56 and a beta of 1.58. First Western Financial has a twelve month low of $10.91 and a twelve month high of $17.61. The stock’s fifty day moving average price is $15.56 and its 200-day moving average price is $13.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.03.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $16.55 million for the quarter. First Western Financial had a net margin of 9.07% and a return on equity of 6.45%. As a group, research analysts predict that First Western Financial will post 1.16 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC raised its stake in First Western Financial by 9,057.6% during the second quarter. Acadian Asset Management LLC now owns 5,403 shares of the company’s stock worth $72,000 after purchasing an additional 5,344 shares during the period. Context BH Capital Management LP purchased a new position in First Western Financial during the second quarter worth about $367,000. ELCO Management Co. LLC purchased a new position in First Western Financial during the second quarter worth about $456,000. Mesirow Financial Investment Management Inc. raised its stake in First Western Financial by 12.1% during the second 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. Finally, Obermeyer Wood Investment Counsel Lllp purchased a new stake in shares of First Western Financial in the 2nd quarter valued at approximately $862,000. 38.53% of the stock is currently owned by institutional investors.

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.

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