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 First Western Financial stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $24.95, for a total value of $91,516.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Western Financial Price Performance

MYFW opened at $25.15 on Friday. The company’s 50-day simple moving average is $25.60 and its two-hundred day simple moving average is $23.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a market capitalization of $244.21 million, a P/E ratio of 18.63 and a beta of 0.77. First Western Financial, Inc. has a 52-week low of $17.52 and a 52-week high of $28.00.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $27.50 million. As a group, analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

MYFW has been the subject of several research analyst reports. 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 report on Monday, January 19th. Finally, Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Institutional Trading of First Western Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of MYFW. New York State Common Retirement Fund lifted its position in shares of First Western Financial by 1,470.6% during the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after acquiring an additional 441 shares in the last quarter. Focus Partners Wealth bought a new stake in First Western Financial during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 1,555 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of First Western Financial in the fourth quarter worth approximately $208,000. 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.