Zacks Investment Research upgraded shares of First Western Financial (NASDAQ:MYFW) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “First Western Financial Inc. operates as a bank holding company. It provides wealth management services which include deposit, loans, trust, wealth planning and investment management products and services through its subsidiaries. First Western Financial Inc. is based in Denver, United States. “

Separately, Piper Sandler began coverage on First Western Financial in a report on Tuesday, January 26th. They issued an overweight rating and a $25.00 target price on the stock.

MYFW stock opened at $25.53 on Wednesday. First Western Financial has a 52-week low of $10.89 and a 52-week high of $31.72. The stock’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $18.45. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $203.17 million, a price-to-earnings ratio of 9.15 and a beta of 0.83.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Friday, January 29th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.29). First Western Financial had a return on equity of 16.81% and a net margin of 20.79%. The business had revenue of $23.41 million for the quarter, compared to analyst estimates of $27.90 million.

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of First Western Financial by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,977 shares of the company’s stock worth $293,000 after acquiring an additional 1,253 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Western Financial by 188.1% during the fourth quarter. JPMorgan Chase & Co. now owns 18,833 shares of the company’s stock worth $368,000 after acquiring an additional 12,296 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of First Western Financial by 26.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 257,000 shares of the company’s stock worth $5,029,000 after acquiring an additional 54,035 shares during the last quarter. Banc Funds Co. LLC increased its position in shares of First Western Financial by 1.9% during the fourth quarter. Banc Funds Co. LLC now owns 650,607 shares of the company’s stock worth $12,732,000 after acquiring an additional 12,400 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of First Western Financial by 2.8% during the fourth quarter. Kennedy Capital Management Inc. now owns 523,347 shares of the company’s stock worth $10,242,000 after acquiring an additional 14,218 shares during the last quarter. 43.90% of the stock is currently owned by institutional investors.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth management, private banking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through three segments: Wealth Management, Capital Management, and Mortgage.

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