Analysts Set First Western Financial, Inc. (NASDAQ:MYFW) Price Target at $24.33

Shares of First Western Financial, Inc. (NASDAQ:MYFW) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.3333.

MYFW has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Wall Street Zen upgraded First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research upgraded First Western Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th.

Insider Buying and Selling at First Western Financial

In other 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 transaction of $415,918.12. Following 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 legal filing with the SEC, which is available through this link. 15.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Western Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Colorado Capital Management Inc. acquired a new stake in shares of First Western Financial in the 2nd quarter valued at approximately $897,000. Los Angeles Capital Management LLC purchased a new stake in shares of First Western Financial during the 2nd quarter worth $755,000. Strs Ohio acquired a new position in shares of First Western Financial during the 1st quarter worth $489,000. Sippican Capital Advisors increased its holdings 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 in the last quarter. Finally, Persistent Asset Partners Ltd lifted its stake in shares of First Western Financial by 34.6% in the second quarter. Persistent Asset Partners Ltd now owns 23,406 shares of the company’s stock valued at $528,000 after purchasing an additional 6,022 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Stock Performance

Shares of MYFW opened at $26.71 on Friday. The company’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $23.59. The firm has a market cap of $259.35 million, a PE ratio of 20.71 and a beta of 0.77. First Western Financial has a 12-month low of $17.52 and a 12-month high of $28.00. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). First Western Financial had a return on equity of 4.91% and a net margin of 6.91%.The business had revenue of $26.27 million for the quarter, compared to analyst estimates of $25.61 million. As a group, equities analysts predict that First Western Financial will post 1.5 EPS for the current year.

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.