First Western Financial (NASDAQ:MYFW) Lowered to "Sell" Rating by Wall Street Zen

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.

First Western Financial (NASDAQ:MYFW - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

First Western Financial Stock Up 0.9%

MYFW opened at $23.36 on Friday. First Western Financial has a fifty-two week low of $17.10 and a fifty-two week high of $24.88. The business has a 50-day moving average of $22.70 and a 200-day moving average of $21.03. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.10. The company has a market capitalization of $227.06 million, a PE ratio of 19.63 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted 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). The company had revenue of $22.42 million during the quarter, compared to analyst estimates of $25.28 million. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. Equities research analysts forecast that First Western Financial will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

Several institutional investors have recently bought and sold shares of the business. Sippican Capital Advisors raised its position in shares of First Western Financial by 61.9% during the first quarter. Sippican Capital Advisors now owns 40,070 shares of the company's stock worth $787,000 after acquiring an additional 15,325 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Western Financial by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company's stock valued at $367,000 after purchasing an additional 2,047 shares during the last quarter. Bank of America Corp DE increased its holdings in First Western Financial by 40.7% in the fourth quarter. Bank of America Corp DE now owns 15,159 shares of the company's stock valued at $296,000 after purchasing an additional 4,383 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Western Financial in the fourth quarter valued at about $489,000. Finally, Citadel Advisors LLC increased its holdings in First Western Financial by 10.7% in the fourth quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock valued at $338,000 after purchasing an additional 1,678 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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.

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