First Western Financial (NASDAQ:MYFW) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for First Western Financial (NASDAQ:MYFW) in a recent report, highlighting a cautious outlook for the stock.
• Other analysts have upgraded First Western Financial to "hold" ratings, resulting in a consensus target price of $24.33 based on average ratings from five investment analysts.
• In recent trading, the stock has opened at $23.15, with a market capitalization of $225.02 million, and reported a quarterly EPS of $0.26, below analysts' expectations.

First Western Financial (NASDAQ:MYFW - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of First Western Financial from a "sell" rating to a "hold" rating in a research report on Monday, September 29th. Zacks Research upgraded shares of First Western Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $24.33.

First Western Financial Stock Performance

Shares of MYFW stock opened at $23.15 on Wednesday. The company has a market capitalization of $225.02 million, a price-to-earnings ratio of 19.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11. The company has a 50-day simple moving average of $22.44 and a 200 day simple moving average of $21.63. First Western Financial has a 52 week low of $17.10 and a 52 week high of $24.88.

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

Insider Buying and Selling at First Western Financial

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Jacobs Asset Management LLC lifted its stake in shares of First Western Financial by 4.2% in the first quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company's stock valued at $6,390,000 after buying an additional 13,053 shares in the last quarter. Mendon Capital Advisors Corp raised its holdings in shares of First Western Financial by 9.1% in the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company's stock valued at $6,329,000 after purchasing an additional 23,317 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Western Financial by 3.7% in the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company's stock valued at $4,100,000 after purchasing an additional 6,431 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of First Western Financial by 2.4% in the first quarter. Diamond Hill Capital Management Inc. now owns 158,544 shares of the company's stock valued at $3,115,000 after purchasing an additional 3,666 shares during the last quarter. Finally, First Western Trust Bank raised its holdings in shares of First Western Financial by 0.4% in the second quarter. First Western Trust Bank now owns 112,665 shares of the company's stock valued at $2,542,000 after purchasing an additional 495 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.