Scott Mitchell Sells 3,178 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director Scott Mitchell sold 3,178 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $23.96, for a total value of $76,144.88. Following the completion of the sale, the director owned 5,423 shares of the company’s stock, valued at $129,935.08. This trade represents a 36.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW traded up $0.02 during trading on Thursday, reaching $26.03. 59,891 shares of the company’s stock traded hands, compared to its average volume of 29,616. The stock has a market capitalization of $252.75 million, a P/E ratio of 19.28 and a beta of 0.76. First Western Financial, Inc. has a 12 month low of $17.52 and a 12 month high of $28.00. The company has a 50 day moving average of $25.73 and a 200-day moving average of $23.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.13). The company had revenue of $26.71 million during the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a return on equity of 5.09% and a net margin of 7.08%. On average, equities analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

MYFW has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th. Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Western Financial presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Western Financial by 36,113.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock worth $2,039,000 after acquiring an additional 75,838 shares in the last quarter. Levin Capital Strategies L.P. acquired a new position in First Western Financial in the fourth quarter worth approximately $1,164,000. R Squared Ltd bought a new position in First Western Financial during the fourth quarter valued at approximately $208,000. Round Rock Advisors LLC lifted its stake in First Western Financial by 125.6% in the fourth quarter. Round Rock Advisors LLC now owns 41,081 shares of the company’s stock valued at $1,101,000 after acquiring an additional 22,871 shares during the last quarter. Finally, Permanent Capital Management LP bought a new stake in First Western Financial in the fourth quarter worth $563,000. Institutional investors and hedge funds 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.