Piper Sandler Forecasts Strong Price Appreciation for First Western Financial (NASDAQ:MYFW) Stock

First Western Financial (NASDAQ:MYFW - Free Report) had its target price hoisted by Piper Sandler from $21.50 to $22.50 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Hovde Group boosted their target price on shares of First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a report on Monday, April 28th.

First Western Financial Stock Up 4.1 %

NASDAQ 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 firm has a market cap of $211.06 million, a PE ratio of 25.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The firm has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $19.84. First Western Financial has a 52-week low of $15.54 and a 52-week high of $22.32.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.23 by $0.20. The company had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. Sell-side analysts anticipate that First Western Financial will post 1.5 EPS for the current fiscal year.

Institutional Trading of First Western Financial

A number of large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of First Western Financial by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 354,571 shares of the company's stock valued at $6,932,000 after purchasing an additional 3,007 shares during the last quarter. North Reef Capital Management LP increased its holdings in First Western Financial by 3.0% during the 4th quarter. North Reef Capital Management LP now owns 312,423 shares of the company's stock worth $6,108,000 after purchasing an additional 9,002 shares during the period. Jacobs Asset Management LLC raised its holdings in shares of First Western Financial by 50.0% in the fourth quarter. Jacobs Asset Management LLC now owns 312,124 shares of the company's stock valued at $6,102,000 after acquiring an additional 104,010 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in First Western Financial by 152.1% in the fourth quarter. Mendon Capital Advisors Corp now owns 257,598 shares of the company's stock worth $5,036,000 after acquiring an additional 155,432 shares during the period. Finally, Rhino Investment Partners Inc increased its position in First Western Financial by 322.6% during the 4th quarter. Rhino Investment Partners Inc now owns 232,189 shares of the company's stock valued at $4,539,000 after purchasing an additional 177,248 shares during the period. Institutional investors 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.