Scott Wylie Sells 16,171 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 16,171 shares of the company’s stock in a transaction dated 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 owned 756,482 shares in the company, valued at $19,456,717.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Western Financial Trading Up 0.9%

Shares of First Western Financial stock traded up $0.24 on Tuesday, hitting $25.78. 28,222 shares of the company traded hands, compared to its average volume of 35,877. The stock’s 50 day moving average price is $23.46 and its 200-day moving average price is $22.81. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. First Western Financial, Inc. has a 52 week low of $17.10 and a 52 week high of $26.28. The company has a market cap of $250.45 million, a PE ratio of 19.98 and a beta of 0.81.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%. Equities research analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On First Western Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in First Western Financial in the first quarter worth about $553,000. Jacobs Asset Management LLC grew its position in shares of First Western Financial by 4.2% in the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock worth $6,390,000 after buying an additional 13,053 shares during the last quarter. Empowered Funds LLC lifted its position 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 during the last quarter. Acadian Asset Management LLC lifted its position 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 during the last quarter. Finally, Strs Ohio acquired a new stake in First Western Financial in the first quarter valued at approximately $489,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MYFW. Weiss Ratings reissued a “hold (c+)” rating on shares of First Western Financial in a research report on Monday. Zacks Research lowered shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.33.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.