First Western Financial, Inc. (NASDAQ:MYFW) Given Consensus Recommendation of “Hold” by Brokerages

First Western Financial, Inc. (NASDAQ:MYFW) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.3333.

A number of equities research analysts have recently weighed in on MYFW shares. Zacks Research lowered shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 16th. Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday.

Insider Buying and Selling

In related news, Director David R. Duncan sold 8,626 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott C. Mitchell sold 3,178 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director directly owned 5,423 shares of the company’s stock, valued at $129,935.08. This represents a 36.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 20,793 shares of company stock worth $522,567. 15.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in First Western Financial by 9.7% during the fourth quarter. Empowered Funds LLC now owns 33,335 shares of the company’s stock valued at $894,000 after purchasing an additional 2,959 shares during the period. Wellington Management Group LLP grew its position in First Western Financial by 119.2% during the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company’s stock worth $6,506,000 after purchasing an additional 131,955 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of First Western Financial by 3.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 80,717 shares of the company’s stock valued at $2,164,000 after buying an additional 2,959 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of First Western Financial by 10.0% in the 4th quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after buying an additional 1,198 shares during the period. Finally, North Reef Capital Management LP lifted its holdings in shares of First Western Financial by 11.0% in the 4th quarter. North Reef Capital Management LP now owns 685,954 shares of the company’s stock valued at $18,390,000 after buying an additional 68,130 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Up 0.8%

MYFW stock opened at $24.62 on Friday. The stock has a market capitalization of $239.68 million, a PE ratio of 18.24 and a beta of 0.76. First Western Financial has a 52 week low of $17.52 and a 52 week high of $28.00. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $25.24 and a 200 day moving average of $24.45.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $26.71 million for the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. Sell-side analysts forecast that First Western Financial will post 1.5 earnings per share for the current year.

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.