First Western Financial (NASDAQ:MYFW) Announces Quarterly Earnings Results

First Western Financial (NASDAQ:MYFW) released its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13), FiscalAI reports. First Western Financial had a net margin of 6.91% and a return on equity of 4.91%. The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million.

First Western Financial Stock Performance

Shares of First Western Financial stock traded down $0.04 during trading on Thursday, reaching $27.23. The company’s stock had a trading volume of 11,474 shares, compared to its average volume of 24,798. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $25.29 and its 200-day moving average price is $23.69. First Western Financial has a 52 week low of $17.52 and a 52 week high of $28.00. The firm has a market cap of $264.40 million, a PE ratio of 21.11 and a beta of 0.77.

Analysts Set New Price Targets

MYFW has been the subject of several research reports. Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research raised shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Insiders Place Their Bets

In other First Western Financial news, CEO Scott C. Wylie sold 16,171 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 756,482 shares of the company’s stock, valued at $19,456,717.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Western Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in shares of First Western Financial by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth bought a new stake in First Western Financial during the third quarter worth about $49,000. JPMorgan Chase & Co. grew its stake in First Western Financial by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after buying an additional 1,555 shares in the last quarter. Jane Street Group LLC bought a new position in First Western Financial in the 2nd quarter valued at about $245,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of First Western Financial in the 2nd quarter valued at approximately $357,000. Institutional investors own 60.26% of the company’s stock.

First Western Financial Company Profile

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.