First Western Financial (MYFW) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “First Western Financial Inc. operates as a bank holding company. It provides wealth management services which include deposit, loans, trust, wealth planning and investment management products and services through its subsidiaries. First Western Financial Inc. is based in Denver, United States. “
Separately, Stephens reissued a hold rating and set a $14.00 target price on shares of First Western Financial in a report on Wednesday, December 19th.
First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, January 24th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. First Western Financial had a net margin of 8.55% and a return on equity of 5.13%. The firm had revenue of $14.25 million during the quarter. As a group, equities analysts expect that First Western Financial will post 1.12 EPS for the current year.
In related news, CEO Scott C. Wylie sold 15,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $13.46, for a total transaction of $201,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. increased its holdings in First Western Financial by 47.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 36,378 shares of the company’s stock valued at $477,000 after buying an additional 11,643 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in First Western Financial in the fourth quarter valued at $136,000. RMB Capital Management LLC increased its holdings in First Western Financial by 40.0% in the fourth quarter. RMB Capital Management LLC now owns 617,665 shares of the company’s stock valued at $7,233,000 after buying an additional 176,469 shares in the last quarter. Mendon Capital Advisors Corp increased its holdings in First Western Financial by 13.8% in the fourth quarter. Mendon Capital Advisors Corp now owns 23,203 shares of the company’s stock valued at $272,000 after buying an additional 2,822 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in First Western Financial in the fourth quarter valued at $433,000. 31.84% of the stock is owned by institutional investors.
About First Western Financial
First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.
Recommended Story: What is net income?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Western Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Western Financial and related companies with MarketBeat.com's FREE daily email newsletter.