First Western Financial (MYFW) to Release Earnings on Thursday

First Western Financial (NASDAQ:MYFW) will release its earnings data after the market closes on Thursday, April 18th. Analysts expect First Western Financial to post earnings of $0.19 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.30). The company had revenue of $22.41 million for the quarter, compared to analysts’ expectations of $23.70 million. First Western Financial had a return on equity of 4.00% and a net margin of 5.19%. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Trading Up 0.1 %

First Western Financial stock opened at $13.53 on Wednesday. The stock has a market cap of $130.16 million, a PE ratio of 15.03 and a beta of 0.68. The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $16.18. First Western Financial has a 52 week low of $12.84 and a 52 week high of $22.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73.

Analyst Ratings Changes

Separately, Hovde Group upgraded First Western Financial from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $20.50 to $19.00 in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other First Western Financial news, CEO Scott C. Wylie sold 42,408 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $16.41, for a total value of $695,915.28. Following the sale, the chief executive officer now directly owns 747,480 shares of the company’s stock, valued at approximately $12,266,146.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.70% of the stock is owned by corporate insiders.

Institutional Trading of First Western Financial

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in First Western Financial by 35.8% in the 1st quarter. UBS Group AG now owns 1,359 shares of the company’s stock worth $42,000 after buying an additional 358 shares during the last quarter. Renaissance Technologies LLC boosted its stake in First Western Financial by 1.9% in the 3rd quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock worth $518,000 after buying an additional 400 shares during the last quarter. Royal Bank of Canada boosted its stake in First Western Financial by 9.1% in the 3rd quarter. Royal Bank of Canada now owns 5,396 shares of the company’s stock worth $133,000 after buying an additional 452 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its stake in shares of First Western Financial by 23.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,547 shares of the company’s stock valued at $63,000 after purchasing an additional 480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of First Western Financial by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,696 shares of the company’s stock valued at $583,000 after purchasing an additional 594 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.