David Duncan Sells 8,626 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total transaction of $220,480.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW traded up $0.41 during trading on Wednesday, hitting $26.01. The company’s stock had a trading volume of 24,038 shares, compared to its average volume of 28,302. The company has a 50-day moving average of $25.69 and a 200-day moving average of $23.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a market cap of $252.56 million, a price-to-earnings ratio of 19.27 and a beta of 0.76. First Western Financial, Inc. has a 12 month low of $17.52 and a 12 month high of $28.00.

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

Analysts Set New Price Targets

Several research firms recently weighed in on MYFW. 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. Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Institutional Investors Weigh In On First Western Financial

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its holdings in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its stake 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 worth $38,000 after buying an additional 441 shares during the period. Focus Partners Wealth purchased a new position in shares of First Western Financial during the 3rd quarter valued at approximately $49,000. JPMorgan Chase & Co. grew its stake in First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after acquiring an additional 1,555 shares during the period. Finally, R Squared Ltd acquired a new stake in First Western Financial in the 4th quarter valued at $208,000. Institutional investors own 60.26% of the company’s stock.

About First Western Financial

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.