First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 10,000 Shares of Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 10,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $30.55, for a total transaction of $305,500.00. Following the completion of the transaction, the chief executive officer directly owned 740,312 shares in the company, valued at $22,616,531.60. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

First Western Financial Stock Performance

Shares of MYFW stock traded up $0.59 during midday trading on Wednesday, hitting $31.02. 59,362 shares of the company were exchanged, compared to its average volume of 42,247. The firm has a market capitalization of $302.91 million, a P/E ratio of 16.68 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. The firm’s 50 day moving average price is $31.94 and its two-hundred day moving average price is $28.70. First Western Financial, Inc. has a 52 week low of $21.31 and a 52 week high of $34.36.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $28.14 million for the quarter, compared to analysts’ expectations of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. As a group, equities research analysts anticipate that First Western Financial, Inc. will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On First Western Financial

Several institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in First Western Financial during the second quarter worth approximately $29,000. BNP Paribas Financial Markets lifted its position in shares of First Western Financial by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth acquired a new stake in shares of First Western Financial during the 3rd quarter worth $49,000. Public Employees Retirement System of Ohio acquired a new stake in shares of First Western Financial during the 2nd quarter worth $83,000. Finally, California State Teachers Retirement System increased its position in shares of First Western Financial by 731.5% in the second quarter. California State Teachers Retirement System now owns 3,725 shares of the company’s stock worth $116,000 after purchasing an additional 3,277 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on MYFW shares. Weiss Ratings raised First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Zacks Research downgraded shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Finally, Piper Sandler raised their price target on shares of First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, First Western Financial has a consensus rating of “Hold” and an average target price of $32.00.

First Western Financial Company Profile

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.