Wall Street Zen Downgrades First Western Financial (NASDAQ:MYFW) to Sell

Key Points

• First Western Financial has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, as reported in a recent research analysis.
• The company's recent earnings report revealed an EPS of $0.26, missing estimates of $0.39, with revenues falling short at $22.42 million against the expected $25.28 million.
• Institutional investors own approximately 60.26% of First Western Financial's stock, with notable increases in holdings from various financial institutions during the past quarter.

Wall Street Zen cut shares of First Western Financial (NASDAQ:MYFW - Free Report) from a hold rating to a sell rating in a report released on Sunday.

First Western Financial Stock Up 2.1%

Shares of MYFW traded up $0.47 during trading on Friday, reaching $22.91. The company's stock had a trading volume of 29,026 shares, compared to its average volume of 28,320. The company has a market cap of $222.69 million, a price-to-earnings ratio of 19.25 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $22.75 and a two-hundred day moving average of $21.08. First Western Financial has a twelve month low of $17.10 and a twelve month high of $24.88.

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

Institutional Trading of First Western Financial

Several hedge funds have recently made changes to their positions in MYFW. Boothbay Fund Management LLC boosted its position in First Western Financial by 5.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 98,717 shares of the company's stock valued at $2,227,000 after purchasing an additional 5,165 shares during the period. Bridgeway Capital Management LLC lifted its stake in First Western Financial by 2.9% in the second quarter. Bridgeway Capital Management LLC now owns 82,533 shares of the company's stock valued at $1,862,000 after buying an additional 2,288 shares during the last quarter. Mendon Capital Advisors Corp boosted its holdings in shares of First Western Financial by 9.1% during the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company's stock valued at $6,329,000 after acquiring an additional 23,317 shares during the period. Jane Street Group LLC bought a new position in shares of First Western Financial during the second quarter worth about $245,000. Finally, Marshall Wace LLP bought a new position in shares of First Western Financial during the second quarter worth about $2,194,000. Institutional investors 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.