First Western Financial (NASDAQ:MYFW) Price Target Raised to $24.50

First Western Financial (NASDAQ:MYFW - Free Report) had its price objective hoisted by Hovde Group from $23.00 to $24.50 in a research report released on Monday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

MYFW has been the subject of a number of other reports. Keefe, Bruyette & Woods cut their target price on First Western Financial from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Monday, January 27th. Piper Sandler cut their price objective on First Western Financial from $23.00 to $22.50 and set a "neutral" rating for the company in a research report on Monday, January 27th.

First Western Financial Stock Up 4.1 %

NASDAQ:MYFW traded up $0.86 during midday trading on Monday, hitting $21.75. 28,281 shares of the company were exchanged, compared to its average volume of 25,832. First Western Financial has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. The company has a market capitalization of $211.06 million, a PE ratio of 25.00 and a beta of 0.65. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $19.19 and a 200 day simple moving average of $19.84.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.20. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. The company had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.10 million. As a group, equities analysts anticipate that First Western Financial will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Western Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhino Investment Partners Inc raised its stake in shares of First Western Financial by 322.6% in the 4th quarter. Rhino Investment Partners Inc now owns 232,189 shares of the company's stock valued at $4,539,000 after purchasing an additional 177,248 shares in the last quarter. Mendon Capital Advisors Corp lifted its holdings in First Western Financial by 152.1% during the 4th quarter. Mendon Capital Advisors Corp now owns 257,598 shares of the company's stock worth $5,036,000 after buying an additional 155,432 shares during the last quarter. Curi RMB Capital LLC grew its position in shares of First Western Financial by 120.0% in the 4th quarter. Curi RMB Capital LLC now owns 196,656 shares of the company's stock worth $3,845,000 after acquiring an additional 107,282 shares in the last quarter. Jacobs Asset Management LLC increased its holdings in shares of First Western Financial by 50.0% in the 4th quarter. Jacobs Asset Management LLC now owns 312,124 shares of the company's stock valued at $6,102,000 after acquiring an additional 104,010 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of First Western Financial during the 4th quarter valued at approximately $1,162,000. 60.26% of the stock is currently owned by hedge funds and other 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.