First Western Financial (NASDAQ:MYFW) Director Sells $23,790.00 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director Scott Mitchell sold 915 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.00, for a total transaction of $23,790.00. Following the transaction, the director owned 4,508 shares of the company’s stock, valued at $117,208. This trade represents a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Western Financial Trading Up 0.3%

First Western Financial stock opened at $26.10 on Friday. The stock has a market cap of $253.43 million, a P/E ratio of 19.33 and a beta of 0.76. First Western Financial, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $28.00. The firm’s fifty day moving average price is $25.80 and its 200-day moving average price is $23.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04.

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

Analyst Ratings Changes

MYFW has been the subject of several research analyst reports. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Western Financial presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the last quarter. Focus Partners Wealth purchased a new stake in First Western Financial during the third quarter valued at about $49,000. JPMorgan Chase & Co. grew its stake in shares of First Western Financial by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after buying an additional 1,555 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of First Western Financial during the fourth quarter valued at about $208,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.