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

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

A number of other equities research analysts also recently commented on MYFW. Zacks Research downgraded First Western Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.33.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $23.14 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a fifty day moving average price of $22.90 and a 200 day moving average price of $22.21. First Western Financial has a 1-year low of $17.10 and a 1-year high of $24.88. The company has a market cap of $224.92 million, a PE ratio of 17.94 and a beta of 0.89.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Friday, March 4th. The company reported $0.62 EPS for the quarter. First Western Financial had a return on equity of 4.93% and a net margin of 6.91%.The company had revenue of $23.41 million during the quarter. Sell-side analysts forecast that First Western Financial will post 1.5 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the transaction, the chief executive officer owned 757,164 shares of the company’s stock, valued at approximately $17,861,498.76. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Quadrature Capital Ltd acquired a new position in First Western Financial in the 2nd quarter valued at about $219,000. Jane Street Group LLC acquired a new position in First Western Financial in the 2nd quarter valued at about $245,000. Arrowstreet Capital Limited Partnership acquired a new position in First Western Financial in the 2nd quarter valued at about $357,000. Finally, Persistent Asset Partners Ltd raised its stake in First Western Financial by 19.6% in the 1st quarter. Persistent Asset Partners Ltd now owns 17,384 shares of the company’s stock valued at $342,000 after purchasing an additional 2,846 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Company Profile

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.