First Western Financial, Inc. (NASDAQ:MYFW) CEO Sells $107,650.00 in Stock

First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) CEO Scott C. Wylie sold 5,000 shares of First Western Financial stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $21.53, for a total transaction of $107,650.00. Following the completion of the sale, the chief executive officer now directly owns 767,164 shares of the company's stock, valued at approximately $16,517,040.92. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Western Financial Price Performance

NASDAQ:MYFW traded up $0.13 during trading hours on Thursday, hitting $22.22. 33,630 shares of the stock traded hands, compared to its average volume of 26,936. The company has a market cap of $215.86 million, a price-to-earnings ratio of 25.54 and a beta of 0.82. First Western Financial, Inc. has a 1 year low of $15.54 and a 1 year high of $22.90. The stock has a 50 day moving average price of $19.56 and a 200 day moving average price of $19.89. The company has a quick ratio of 1.06, a current ratio of 1.07 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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $24.10 million. Sell-side analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Institutional Trading of First Western Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in shares of First Western Financial by 244.9% during the 4th 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. Wells Fargo & Company MN grew its holdings in First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after buying an additional 1,110 shares in the last quarter. Rhumbline Advisers raised its holdings 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. JPMorgan Chase & Co. boosted its position 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 valued at $273,000 after acquiring an additional 10,113 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of First Western Financial by 5.0% in the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock valued at $285,000 after purchasing an additional 696 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler upped their price target on shares of First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods upped their price objective on First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Hovde Group lifted their target price 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.

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.