First Western Financial (NASDAQ:MYFW) Announces Earnings Results

First Western Financial (NASDAQ:MYFW) posted its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20), Zacks reports. First Western Financial had a return on equity of 3.43% and a net margin of 4.28%. The business had revenue of $45.03 million for the quarter, compared to analysts’ expectations of $23.70 million. During the same period in the prior year, the business posted $0.25 earnings per share.

First Western Financial Stock Performance

MYFW traded down $1.50 during trading on Wednesday, reaching $18.40. 21,780 shares of the company’s stock were exchanged, compared to its average volume of 26,017. First Western Financial has a 1 year low of $12.84 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $177.01 million, a P/E ratio of 23.90 and a beta of 0.61. The company’s fifty day simple moving average is $17.57 and its 200-day simple moving average is $16.26.

About First Western Financial

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.