Hovde Group began coverage on shares of First Western Financial (NASDAQ:MYFW) in a report published on Tuesday, Briefing.com Automated Import reports. The brokerage issued an outperform rating and a $15.00 price target on the stock.

MYFW has been the topic of a number of other reports. Stephens upgraded First Western Financial from an equal weight rating to an overweight rating and raised their target price for the company from $18.00 to $21.00 in a research report on Wednesday, February 12th. ValuEngine upgraded First Western Financial from a strong sell rating to a sell rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research cut First Western Financial from a hold rating to a sell rating in a research report on Wednesday, April 15th.

Shares of MYFW opened at $12.71 on Tuesday. The business’s 50-day moving average is $13.13 and its two-hundred day moving average is $15.71. The company has a market capitalization of $100.63 million, a P/E ratio of 10.86 and a beta of 0.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 1.04. First Western Financial has a fifty-two week low of $10.75 and a fifty-two week high of $18.98.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $25.26 million for the quarter, compared to analyst estimates of $16.90 million. First Western Financial had a return on equity of 7.41% and a net margin of 8.91%. Analysts forecast that First Western Financial will post 1.02 EPS for the current year.

Several large investors have recently bought and sold shares of MYFW. Geode Capital Management LLC lifted its stake in First Western Financial by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 12,629 shares of the company’s stock valued at $207,000 after buying an additional 610 shares in the last quarter. State Street Corp lifted its stake in First Western Financial by 9.5% in the 4th quarter. State Street Corp now owns 11,114 shares of the company’s stock valued at $183,000 after buying an additional 961 shares in the last quarter. BlackRock Inc. lifted its stake in First Western Financial by 8.3% in the 1st quarter. BlackRock Inc. now owns 29,733 shares of the company’s stock valued at $420,000 after buying an additional 2,280 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in First Western Financial by 8.3% in the 4th quarter. Mendon Capital Advisors Corp now owns 40,074 shares of the company’s stock valued at $660,000 after buying an additional 3,057 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in First Western Financial by 278.3% in the 1st quarter. Wells Fargo & Company MN now owns 6,726 shares of the company’s stock valued at $90,000 after buying an additional 4,948 shares in the last quarter. Hedge funds and other institutional investors own 42.71% of the company’s stock.

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.

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