First Western Financial, Inc. (NASDAQ:MYFW) Stock Has Consensus Target Price of $32.33

First Western Financial, Inc. (NASDAQ:MYFW) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $32.33.

Several research firms recently commented on MYFW. Piper Sandler upped their target price on shares of First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods upped their price target on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Zacks Research upgraded First Western Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings upgraded First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Finally, Hovde Group started coverage on First Western Financial in a report on Friday, September 18th. They set a “hold” rating and a $33.00 price objective on the stock.

First Western Financial Stock Performance

NASDAQ:MYFW traded down $0.13 during mid-day trading on Tuesday, hitting $29.78. 1,995 shares of the company’s stock traded hands, compared to its average volume of 41,859. The firm has a 50 day moving average of $30.86 and a two-hundred day moving average of $29.85. First Western Financial has a 12 month low of $22.00 and a 12 month high of $34.36. The firm has a market capitalization of $290.97 million, a price-to-earnings ratio of 16.01 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $28.14 million during the quarter, compared to analyst estimates of $28.57 million. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%. On average, equities analysts forecast that First Western Financial will post 2.39 earnings per share for the current fiscal year.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 10,000 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the completion of the transaction, the chief executive officer directly owned 740,312 shares in the company, valued at approximately $22,616,531.60. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On First Western Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in First Western Financial by 43.6% in the 2nd quarter. Wellington Management Group LLP now owns 747,096 shares of the company’s stock valued at $23,989,000 after buying an additional 226,767 shares during the period. Empowered Funds LLC bought a new position in shares of First Western Financial during the 2nd quarter worth about $1,078,000. Public Employees Retirement System of Ohio bought a new position in shares of First Western Financial during the 2nd quarter worth about $83,000. Punch & Associates Investment Management Inc. bought a new position in shares of First Western Financial during the 2nd quarter worth about $6,261,000. Finally, Bank of America Corp DE acquired a new stake in shares of First Western Financial during the 2nd quarter valued at about $364,000. Institutional investors own 60.26% of the company’s stock.

First Western Financial Company Profile

First Western Financial, Inc is a financial holding company headquartered in Denver, Colorado. Through its principal subsidiary, First Western Trust Bank, the company provides private banking, wealth management, trust and investment management, and commercial banking services to individuals, families, entrepreneurs, professionals, and businesses.

Its banking activities include deposit accounts, residential and commercial real estate lending, commercial loans, construction financing, and other credit solutions.