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

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 Friday, May 9th. The stock was sold at an average price of $21.53, for a total value of $107,650.00. Following the completion of the transaction, the chief executive officer now owns 767,164 shares of the company's stock, valued at $16,517,040.92. The trade was a 0.65% 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 Stock Up 0.1%

Shares of MYFW stock traded up $0.03 during trading hours on Friday, reaching $22.42. 80,120 shares of the company's stock were exchanged, compared to its average volume of 27,221. 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 stock's 50 day moving average is $19.69 and its 200-day moving average is $19.94. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $23.61. The company has a market cap of $217.81 million, a price-to-earnings ratio of 25.77 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.23 by $0.20. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. The company had revenue of $24.80 million for the quarter, compared to analyst estimates of $24.10 million. Analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MYFW has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Piper Sandler raised their price target on First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Hovde Group lifted their target price on First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a report on Monday, April 28th.

Institutional Investors Weigh In On First Western Financial

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in First Western Financial by 4.9% in the fourth quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock valued at $448,000 after purchasing an additional 1,080 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock worth $273,000 after acquiring an additional 10,113 shares in the last quarter. Rhumbline Advisers boosted its stake 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 acquiring an additional 1,090 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of First Western Financial by 9.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 154,878 shares of the company's stock worth $3,028,000 after acquiring an additional 13,462 shares in the last quarter. Finally, Tieton Capital Management LLC boosted its stake in shares of First Western Financial by 22.4% during the 4th quarter. Tieton Capital Management LLC now owns 184,612 shares of the company's stock worth $3,609,000 after acquiring an additional 33,822 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other 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.