First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 1,083 Shares

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 1,083 shares of First Western Financial stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total transaction of $30,887.16. Following the completion of the transaction, the chief executive officer owned 756,729 shares of the company’s stock, valued at $21,581,911.08. The trade was a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Western Financial Stock Performance

Shares of MYFW traded up $0.06 during trading hours on Friday, hitting $28.41. The company’s stock had a trading volume of 52,805 shares, compared to its average volume of 27,668. The company has a market cap of $276.43 million, a price-to-earnings ratio of 18.33 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.05 and a quick ratio of 1.04. The business has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $25.60. First Western Financial, Inc. has a 52-week low of $20.11 and a 52-week high of $30.00.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.19. The firm had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. First Western Financial had a net margin of 8.02% and a return on equity of 5.74%. On average, equities analysts expect that First Western Financial, Inc. will post 2.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

Several hedge funds have recently bought and sold shares of MYFW. Empowered Funds LLC grew its stake in First Western Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after acquiring an additional 1,824 shares in the last quarter. Acadian Asset Management LLC grew its stake in First Western Financial by 122.7% during the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock valued at $796,000 after acquiring an additional 22,382 shares in the last quarter. Geode Capital Management LLC lifted its position in First Western Financial by 3.7% during the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock valued at $4,100,000 after purchasing an additional 6,431 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in First Western Financial during the second quarter valued at approximately $357,000. Finally, Marshall Wace LLP bought a new stake in First Western Financial during the second quarter valued at approximately $2,194,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Piper Sandler boosted their price objective on shares of First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $27.00.

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.