Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for First Western Financial (NASDAQ:MYFW) Stock

First Western Financial (NASDAQ:MYFW - Get Free Report) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $24.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 24.50% from the stock's current price.

A number of other research firms also recently commented on MYFW. Piper Sandler reduced their target price on First Western Financial from $23.00 to $22.50 and set a "neutral" rating for the company in a report on Monday, January 27th. Hovde Group boosted their price objective on shares of First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a report on Monday.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW traded up $0.54 during midday trading on Monday, hitting $20.88. The stock had a trading volume of 4,120 shares, compared to its average volume of 26,035. The company has a market capitalization of $202.65 million, a PE ratio of 23.94 and a beta of 0.65. First Western Financial has a 1 year low of $15.54 and a 1 year high of $22.32. The stock has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $19.82. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results 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. The company had revenue of $24.80 million for the quarter, compared to analysts' expectations of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. As a group, equities analysts predict that First Western Financial will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MYFW. Hsbc Holdings PLC increased its holdings in First Western Financial by 5.0% during the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock valued at $285,000 after acquiring an additional 696 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of First Western Financial by 244.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after purchasing an additional 894 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First Western Financial by 4.9% during the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock worth $448,000 after purchasing an additional 1,080 shares in the last quarter. Rhumbline Advisers raised its position in shares of First Western Financial by 9.5% during the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock worth $115,000 after purchasing an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

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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