David Duncan Sells 4,406 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 4,406 shares of First Western Financial stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $25.11, for a total transaction of $110,634.66. Following the transaction, the director directly owned 1,674 shares in the company, valued at $42,034.14. This trade represents a 72.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

First Western Financial Trading Down 1.9%

Shares of MYFW stock traded down $0.48 on Wednesday, hitting $24.60. 26,834 shares of the company’s stock traded hands, compared to its average volume of 29,074. The stock has a market capitalization of $238.99 million, a price-to-earnings ratio of 18.22 and a beta of 0.77. The company’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $23.75. First Western Financial, Inc. has a one year low of $17.52 and a one year high of $28.00. 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 released its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.13). The company had revenue of $26.71 million during the quarter, compared to analysts’ expectations of $27.50 million. First Western Financial had a return on equity of 5.09% and a net margin of 7.08%. Equities analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MYFW. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. One 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.33.

Hedge Funds Weigh In On First Western Financial

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in 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 buying an additional 441 shares in the last quarter. First Western Trust Bank raised its position in shares of First Western Financial by 0.4% in the 2nd quarter. First Western Trust Bank now owns 112,665 shares of the company’s stock worth $2,542,000 after purchasing an additional 495 shares during the last quarter. New York State Common Retirement Fund raised its position 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 worth $25,000 after purchasing an additional 1,000 shares during the last quarter. JPMorgan Chase & Co. boosted 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 worth $169,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Empowered Funds LLC grew its position in First Western Financial by 8.0% during the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after purchasing an additional 1,824 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.