First Western Financial, Inc. (NASDAQ:MYFW) Given Average Rating of “Hold” by Brokerages

First Western Financial, Inc. (NASDAQ:MYFW) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.3333.

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research downgraded shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th.

First Western Financial Stock Performance

Shares of First Western Financial stock opened at $25.29 on Monday. 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 stock’s fifty day moving average is $25.96 and its two-hundred day moving average is $24.22. First Western Financial has a 52 week low of $17.52 and a 52 week high of $28.00. The company has a market capitalization of $245.57 million, a PE ratio of 18.73 and a beta of 0.76.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business 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%. As a group, analysts expect that First Western Financial will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 16,171 shares of First Western Financial stock in a transaction dated Friday, December 12th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David R. Duncan sold 8,626 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 36,964 shares of company stock worth $938,485. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On First Western Financial

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in shares of First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the period. First Western Trust Bank raised its stake in First Western Financial by 0.4% in the second quarter. First Western Trust Bank now owns 112,665 shares of the company’s stock worth $2,542,000 after buying an additional 495 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in First Western Financial by 1,470.6% during the third quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. AQR Capital Management LLC lifted its holdings in First Western Financial by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock worth $354,000 after buying an additional 1,198 shares during the period. Finally, Barclays PLC boosted its position in First Western Financial by 6.1% during the 4th quarter. Barclays PLC now owns 21,788 shares of the company’s stock valued at $584,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors 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.