First Western Financial, Inc. (NASDAQ:MYFW) Director Sells $107,415.00 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan sold 5,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.53, for a total value of $107,415.00. Following the completion of the transaction, the director now owns 17,520 shares of the company’s stock, valued at $342,165.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Western Financial Stock Down 2.4 %

NASDAQ:MYFW opened at $19.51 on Friday. First Western Financial, Inc. has a 52 week low of $12.84 and a 52 week high of $21.15. The stock’s fifty day moving average is $18.26 and its two-hundred day moving average is $16.84. The stock has a market capitalization of $187.71 million, a price-to-earnings ratio of 25.34 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.20). First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. The firm had revenue of $45.03 million during the quarter, compared to analysts’ expectations of $23.70 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Research analysts anticipate that First Western Financial, Inc. will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

MYFW has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on First Western Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Piper Sandler upped their target price on shares of First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Hovde Group lifted their price target 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.

Institutional Trading of First Western Financial

Several hedge funds have recently made changes to their positions in MYFW. Wasatch Advisors LP grew its holdings in shares of First Western Financial by 14.5% in the first quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock valued at $5,307,000 after purchasing an additional 46,172 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in First Western Financial by 128.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after buying an additional 40,138 shares during the period. Strategic Value Bank Partners LLC grew its stake in shares of First Western Financial by 12.9% in the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after acquiring an additional 28,563 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of First Western Financial during the second quarter worth $210,000. Finally, ELCO Management Co. LLC acquired a new stake in shares of First Western Financial in the second quarter valued at $194,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.