First Western Financial (NASDAQ:MYFW) Director Sells $76,144.88 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director Scott Mitchell sold 3,178 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $23.96, for a total value of $76,144.88. Following the sale, the director owned 5,423 shares of the company’s stock, valued at approximately $129,935.08. This trade represents a 36.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Western Financial Stock Performance

MYFW traded up $0.02 on Thursday, hitting $26.03. The company had a trading volume of 59,891 shares, compared to its average volume of 29,616. First Western Financial, Inc. has a 1-year low of $17.52 and a 1-year high of $28.00. The stock has a market cap of $252.75 million, a price-to-earnings ratio of 19.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03. The company’s fifty day moving average price is $25.73 and its 200 day moving average price is $23.80.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.13). The firm had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a return on equity of 5.09% and a net margin of 7.08%. Equities analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MYFW has been the subject of a number of research analyst reports. Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Institutional Investors Weigh In On First Western Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Algebris UK Ltd. bought a new position in First Western Financial in the third quarter valued at about $7,258,000. Los Angeles Capital Management LLC acquired a new position in First Western Financial during the 2nd quarter valued at about $755,000. Sippican Capital Advisors boosted its stake in shares of First Western Financial by 12.6% in the 2nd quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock valued at $1,017,000 after purchasing an additional 5,030 shares during the last quarter. Persistent Asset Partners Ltd grew its position in shares of First Western Financial by 34.6% during the 2nd quarter. Persistent Asset Partners Ltd now owns 23,406 shares of the company’s stock worth $528,000 after buying an additional 6,022 shares during the period. Finally, SummerHaven Investment Management LLC bought a new stake in shares of First Western Financial during the third quarter worth approximately $819,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

About First Western Financial

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.