First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan Sells 8,600 Shares

First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan sold 8,600 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the transaction, the director now directly owns 8,760 shares in the company, valued at approximately $166,702.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Western Financial Trading Down 0.4 %

NASDAQ MYFW opened at $18.94 on Friday. The firm’s 50-day moving average is $19.63 and its two-hundred day moving average is $18.02. First Western Financial, Inc. has a 12 month low of $12.84 and a 12 month high of $21.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.12. The stock has a market capitalization of $182.96 million, a P/E ratio of 30.66 and a beta of 0.61.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $24.10 million. First Western Financial had a return on equity of 2.45% and a net margin of 3.33%. During the same quarter last year, the company earned $0.32 earnings per share. On average, sell-side analysts anticipate that First Western Financial, Inc. will post 0.96 earnings per share for the current year.

Institutional Trading of First Western Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sippican Capital Advisors purchased a new stake in First Western Financial during the third quarter worth about $272,000. Mendon Capital Advisors Corp increased its stake in First Western Financial by 128.3% during the second quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after purchasing an additional 40,138 shares during the period. ELCO Management Co. LLC purchased a new stake in First Western Financial during the second quarter worth about $194,000. Hsbc Holdings PLC purchased a new stake in shares of First Western Financial during the second quarter worth approximately $210,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after buying an additional 11,120 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price target on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Hovde Group upped their target price on shares of First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.