First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 16,171 Shares of Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 16,171 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $25.72, for a total value of $415,918.12. Following the completion of the transaction, the chief executive officer directly owned 756,482 shares in the company, valued at $19,456,717.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Western Financial Trading Up 0.9%

Shares of MYFW stock opened at $25.78 on Wednesday. The business’s 50 day moving average is $23.52 and its two-hundred day moving average is $22.85. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. First Western Financial, Inc. has a 12 month low of $17.10 and a 12 month high of $26.28. The company has a market cap of $250.32 million, a PE ratio of 19.98 and a beta of 0.81.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Friday, March 4th. The company reported $0.62 EPS for the quarter. The firm had revenue of $23.41 million for the quarter. First Western Financial had a net margin of 6.91% and a return on equity of 4.91%. Equities analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen upgraded First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of First Western Financial in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.33.

Institutional Trading of First Western Financial

Several institutional investors have recently made changes to their positions in MYFW. Nuveen LLC bought a new stake in First Western Financial in the first quarter valued at about $553,000. Jacobs Asset Management LLC boosted its stake in First Western Financial by 4.2% in the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock valued at $6,390,000 after buying an additional 13,053 shares in the last quarter. Empowered Funds LLC grew its position in First Western Financial by 8.0% in the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after acquiring an additional 1,824 shares during the period. Acadian Asset Management LLC lifted its holdings in First Western Financial by 122.7% during the 1st quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock valued at $796,000 after purchasing an additional 22,382 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of First Western Financial during the first quarter worth approximately $489,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.