Scott C. Wylie Sells 5,000 Shares of First Western Financial (NASDAQ:MYFW) Stock

Key Points

• CEO Scott Wylie of First Western Financial sold 5,000 shares of the company stock at an average price of $23.59, resulting in a total transaction value of $117,950.
• First Western Financial reported a loss in earnings per share at $0.26, missing the consensus estimate by $0.13 and generating revenue of $22.42 million, below analysts' expectations.
• Analysts have downgraded the stock's rating from "hold" to "sell," while one investment firm set a consensus target price of $24.33.

First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) CEO Scott C. Wylie sold 5,000 shares of the company's 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 completion of the transaction, the chief executive officer owned 757,164 shares of the company's stock, valued at $17,861,498.76. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

First Western Financial Price Performance

NASDAQ:MYFW traded up $0.04 during mid-day trading on Wednesday, reaching $22.74. The stock had a trading volume of 47,402 shares, compared to its average volume of 25,130. The firm has a 50 day moving average price of $22.75 and a two-hundred day moving average price of $21.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11. First Western Financial, Inc. has a one year low of $17.10 and a one year high of $24.88. The stock has a market capitalization of $221.03 million, a P/E ratio of 19.11 and a beta of 0.87.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a return on equity of 4.55% and a net margin of 6.50%.The company had revenue of $22.42 million during the quarter, compared to analysts' expectations of $25.28 million. As a group, analysts expect that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of First Western Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

Institutional Investors Weigh In On First Western Financial

Several hedge funds have recently made changes to their positions in MYFW. Marshall Wace LLP purchased a new stake in shares of First Western Financial in the second quarter worth $2,194,000. Colorado Capital Management Inc. bought a new stake in First Western Financial in the 2nd quarter worth approximately $897,000. Los Angeles Capital Management LLC purchased a new stake in First Western Financial during the second quarter valued at $755,000. Nuveen LLC bought a new position in shares of First Western Financial in the 1st quarter worth approximately $553,000. Finally, Strs Ohio bought a new stake in shares of First Western Financial during the 1st quarter valued at $489,000. 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.