First Western Financial (NASDAQ:MYFW) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

First Western Financial (NASDAQ:MYFW) issued its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13), FiscalAI reports. The firm 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 6.91% and a return on equity of 4.91%.

First Western Financial Stock Down 0.1%

Shares of NASDAQ MYFW traded down $0.04 during mid-day trading on Thursday, hitting $27.23. The company had a trading volume of 11,474 shares, compared to its average volume of 24,798. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $25.29 and a two-hundred day simple moving average of $23.69. The company has a market capitalization of $264.40 million, a PE ratio of 21.11 and a beta of 0.77. First Western Financial has a one year low of $17.52 and a one year high of $28.00.

Wall Street Analyst Weigh In

Several brokerages recently commented on MYFW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Insider Buying and Selling

In related news, CEO Scott C. Wylie sold 16,171 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $25.72, for a total transaction of $415,918.12. Following the completion of the transaction, the chief executive officer directly owned 756,482 shares of the company’s stock, valued at approximately $19,456,717.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.50% of the company’s stock.

Institutional Investors Weigh In On First Western Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of First Western Financial in the 3rd quarter valued at approximately $3,012,000. Marshall Wace LLP bought a new stake in First Western Financial during the second quarter worth $2,194,000. PMC FIG Opportunities LLC lifted its stake in First Western Financial by 77.0% in the third quarter. PMC FIG Opportunities LLC now owns 120,111 shares of the company’s stock valued at $2,766,000 after acquiring an additional 52,234 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of First Western Financial in the 3rd quarter valued at about $905,000. Finally, Two Sigma Investments LP acquired a new position in shares of First Western Financial during the 3rd quarter worth about $897,000. 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.