Keefe, Bruyette & Woods Increases First Western Financial (NASDAQ:MYFW) Price Target to $26.00

First Western Financial (NASDAQ:MYFW - Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $24.00 to $26.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. Piper Sandler reduced their price objective on shares of First Western Financial from $23.00 to $22.50 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Hovde Group raised their price objective on First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research report on Monday, April 28th.

First Western Financial Price Performance

Shares of MYFW traded up $0.86 during trading hours on Monday, reaching $21.75. 28,281 shares of the company's stock traded hands, compared to its average volume of 25,832. 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 firm's 50 day simple moving average is $19.19 and its 200-day simple moving average is $19.84. The stock has a market cap of $211.06 million, a PE ratio of 25.00 and a beta of 0.65. First Western Financial has a 12 month low of $15.54 and a 12 month high of $22.32.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $24.80 million during 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%. Equities analysts expect that First Western Financial will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in First Western Financial by 5.3% in the 3rd quarter. State Street Corp now owns 112,268 shares of the company's stock valued at $2,245,000 after acquiring an additional 5,611 shares in the last quarter. Barclays PLC boosted its position in shares of First Western Financial by 112.5% during the third quarter. Barclays PLC now owns 17,583 shares of the company's stock valued at $353,000 after buying an additional 9,309 shares during the last quarter. Geode Capital Management LLC increased its holdings in First Western Financial by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 174,570 shares of the company's stock worth $3,492,000 after buying an additional 2,661 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after acquiring an additional 10,113 shares during the period. Finally, Sippican Capital Advisors boosted its holdings in shares of First Western Financial by 81.9% during the 4th quarter. Sippican Capital Advisors now owns 24,745 shares of the company's stock valued at $484,000 after acquiring an additional 11,145 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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.