First Western Financial, Inc. (NASDAQ:MYFW) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• First Western Financial, Inc. has received a consensus rating of "Moderate Buy" from four analysts, with two holding a buy rating and two a hold rating.
• The company's stock recently traded up 2.2% to $22.77, with a 52-week range between $17.10 and $24.88.
• Insider trading activity includes CEO Scott C. Wylie selling 5,000 shares at $23.59, reducing his ownership by 0.66% to approximately $17.86 million.

First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the four ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.3333.

Several equities analysts have recently commented on the company. Zacks Research upgraded First Western Financial from a "strong sell" rating to a "hold" rating in a research note on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of First Western Financial in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded First Western Financial from a "sell" rating to a "hold" rating in a research note on Monday.

Insider Transactions at First Western Financial

In other news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total transaction of $117,950.00. Following the sale, the chief executive officer owned 757,164 shares in the company, valued at approximately $17,861,498.76. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Western Financial

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in shares of First Western Financial during the second quarter worth about $219,000. Jane Street Group LLC acquired a new stake in shares of First Western Financial during the second quarter worth about $245,000. Bank of America Corp DE lifted its holdings in shares of First Western Financial by 40.7% during the fourth quarter. Bank of America Corp DE now owns 15,159 shares of the company's stock worth $296,000 after purchasing an additional 4,383 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of First Western Financial during the second quarter worth about $357,000. Finally, Citadel Advisors LLC lifted its holdings in shares of First Western Financial by 10.7% during the fourth quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock worth $338,000 after purchasing an additional 1,678 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

First Western Financial Trading Up 2.2%

MYFW traded up $0.50 during trading on Friday, reaching $22.77. The company had a trading volume of 15,924 shares, compared to its average volume of 38,713. The stock has a market cap of $221.32 million, a P/E ratio of 19.13 and a beta of 0.85. The business has a 50 day simple moving average of $22.42 and a 200-day simple moving average of $21.54. First Western Financial has a 52 week low of $17.10 and a 52 week high of $24.88. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a return on equity of 4.55% and a net margin of 6.50%.The business had revenue of $22.42 million for the quarter, compared to the consensus estimate of $25.28 million. On average, equities analysts anticipate that First Western Financial will post 1.5 EPS for the current fiscal year.

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.

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