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

Key Points

• First Western Financial's stock was downgraded by Wall Street Zen from a "hold" to a "sell" rating, while Zacks Research recently upgraded it from "strong sell" to "hold".
• The company has a consensus rating of "Hold" among analysts, with an average target price of $24.33.
• CEO Scott C. Wylie sold 5,000 shares of the company, decreasing his position by 0.66%, while 60.26% of the stock is owned by institutional investors.

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

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of First Western Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of First Western Financial in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $24.33.

First Western Financial Price Performance

Shares of MYFW opened at $22.06 on Friday. The company has a market capitalization of $214.42 million, a P/E ratio of 18.54 and a beta of 0.85. 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 firm has a 50 day moving average of $22.50 and a 200 day moving average of $21.68. 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 Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. The company had revenue of $23.41 million for the quarter. As a group, equities research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling 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 shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the sale, the chief executive officer directly owned 757,164 shares in the company, valued at $17,861,498.76. The trade was a 0.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Western Financial

Hedge funds have recently added to or reduced their stakes in the company. Sippican Capital Advisors grew its holdings in First Western Financial by 61.9% during the 1st quarter. Sippican Capital Advisors now owns 40,070 shares of the company's stock valued at $787,000 after purchasing an additional 15,325 shares during the last quarter. Nuveen LLC bought a new position in First Western Financial during the 1st quarter valued at about $553,000. Colorado Capital Management Inc. bought a new position in First Western Financial during the 2nd quarter valued at about $897,000. Bank of New York Mellon Corp grew its holdings in First Western Financial by 12.3% during the 1st 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. Finally, Jacobs Asset Management LLC grew its holdings in First Western Financial by 4.2% during the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company's stock valued at $6,390,000 after purchasing an additional 13,053 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

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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