First Western Financial (NASDAQ:MYFW) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of First Western Financial (NASDAQ:MYFW) from a hold rating to a sell rating in a research report report published on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research note on Wednesday, October 8th. Zacks Research raised shares of First Western Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, First Western Financial currently has an average rating of “Hold” and an average target price of $24.33.

First Western Financial Trading Up 2.7%

First Western Financial stock opened at $22.65 on Friday. The firm has a 50-day moving average price of $22.53 and a two-hundred day moving average price of $21.74. The firm has a market capitalization of $220.16 million, a price-to-earnings ratio of 19.03 and a beta of 0.85. First Western Financial has a 52-week low of $17.10 and a 52-week high of $24.88. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Friday, March 4th. The company reported $0.62 earnings per share for the quarter. The company had revenue of $23.41 million during the quarter. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. Sell-side analysts expect that First Western Financial will post 1.5 earnings per share for the current year.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the sale, the chief executive officer directly owned 757,164 shares in the company, valued at $17,861,498.76. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is owned by insiders.

Institutional Trading of First Western Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sippican Capital Advisors raised its holdings in shares of First Western Financial by 61.9% during the first quarter. Sippican Capital Advisors now owns 40,070 shares of the company’s stock valued at $787,000 after acquiring an additional 15,325 shares during the period. Nuveen LLC acquired a new stake in shares of First Western Financial during the first quarter valued at approximately $553,000. Colorado Capital Management Inc. acquired a new stake in shares of First Western Financial during the second quarter valued at approximately $897,000. Bank of New York Mellon Corp raised its holdings in shares of First Western Financial by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after acquiring an additional 2,047 shares during the period. Finally, Jacobs Asset Management LLC raised its holdings in shares of First Western Financial by 4.2% during the first quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock valued at $6,390,000 after acquiring an additional 13,053 shares during the period. 60.26% of the stock is currently owned by institutional investors.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.