First Western Financial (NASDAQ:MYFW) Upgraded at Wall Street Zen

Key Points

• First Western Financial was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the company's stock.
• The company reported earnings of $0.26 per share for the last quarter, missing the consensus estimate by $0.13, alongside a revenue of $22.42 million, which fell short of expectations.
• CEO Scott C. Wylie sold 5,000 shares valued at approximately $117,950 on September 11, reducing his ownership in the company.

First Western Financial (NASDAQ:MYFW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Monday.

First Western Financial Price Performance

MYFW opened at $22.63 on Monday. The business's 50-day moving average is $22.58 and its two-hundred day moving average is $21.47. First Western Financial has a 1 year low of $17.10 and a 1 year high of $24.88. 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 firm has a market capitalization of $219.96 million, a PE ratio of 19.02 and a beta of 0.87.

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 (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. The company had revenue of $22.42 million during the quarter, compared to analysts' expectations of $25.28 million. 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 stock in a transaction dated Thursday, September 11th. The stock was 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 represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.90% of the company's stock.

Institutional Trading of First Western Financial

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in First Western Financial during the second quarter worth about $219,000. Jane Street Group LLC acquired a new stake in First Western Financial during the second quarter worth about $245,000. Bank of America Corp DE grew its stake in shares of First Western Financial by 40.7% during the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company's stock worth $296,000 after purchasing an additional 4,383 shares during the period. Citadel Advisors LLC grew its stake in shares of First Western Financial by 10.7% during the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock worth $338,000 after purchasing an additional 1,678 shares during the period. Finally, Persistent Asset Partners Ltd grew its stake in shares of First Western Financial by 19.6% during the 1st quarter. Persistent Asset Partners Ltd now owns 17,384 shares of the company's stock worth $342,000 after purchasing an additional 2,846 shares during the period. 60.26% of the stock is owned by hedge funds and other 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.

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