First Western Financial (NASDAQ:MYFW) Director Sells $91,516.60 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 3,668 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $24.95, for a total transaction of $91,516.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

First Western Financial Stock Performance

Shares of NASDAQ MYFW traded up $0.58 during midday trading on Thursday, hitting $25.18. The company’s stock had a trading volume of 13,035 shares, compared to its average volume of 28,228. The stock has a fifty day moving average price of $25.52 and a 200 day moving average price of $23.76. The firm has a market capitalization of $244.50 million, a price-to-earnings ratio of 18.65 and a beta of 0.77. First Western Financial, Inc. has a one year low of $17.52 and a one year high of $28.00. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13). First Western Financial had a net margin of 7.08% and a return on equity of 5.09%. The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. On average, research analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th. Zacks Research raised shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Hedge Funds Weigh In On First Western Financial

Hedge funds have recently modified their holdings of the company. Algebris UK Ltd. purchased a new position in shares of First Western Financial during the third quarter valued at approximately $7,258,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of First Western Financial in the 3rd quarter worth about $3,012,000. Marshall Wace LLP purchased a new position in shares of First Western Financial during the second quarter valued at approximately $2,194,000. North Reef Capital Management LP raised its stake in First Western Financial by 13.2% during the third quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock valued at $14,225,000 after buying an additional 72,102 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in First Western Financial by 58.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock worth $3,598,000 after purchasing an additional 57,565 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.