First Western Financial, Inc. (NASDAQ:MYFW) Stock Has Consensus Target Price of $32.33 According to Analysts

by · The Markets Daily

Shares of First Western Financial, Inc. (NASDAQ:MYFW – Get Free Report) have earned an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $32.33.

Several brokerages have recently commented on MYFW. Keefe, Bruyette & Woods increased their price objective on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Zacks Research downgraded First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Hovde Group initiated coverage on First Western Financial in a research report on Friday, September 18th. They set a “hold” rating and a $33.00 target price on the stock. Piper Sandler increased their price target on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th.

Check Out Our Latest Stock Analysis on MYFW

First Western Financial Stock Up 1.0%

NASDAQ:MYFW opened at $30.58 on Friday. The company’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $29.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. First Western Financial has a fifty-two week low of $21.95 and a fifty-two week high of $34.36. The stock has a market capitalization of $298.77 million, a P/E ratio of 16.44 and a beta of 0.71.

First Western Financial (NASDAQ:MYFW – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. The company had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $28.57 million. On average, equities analysts anticipate that First Western Financial will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other First Western Financial news, CEO Scott C. Wylie sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $30.55, for a total transaction of $305,500.00. Following the sale, the chief executive officer owned 740,312 shares of the company’s stock, valued at approximately $22,616,531.60. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Western Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in First Western Financial during the 2nd quarter worth approximately $29,000. Public Employees Retirement System of Ohio purchased a new stake in First Western Financial during the second quarter worth $83,000. Deutsche Bank AG purchased a new stake in shares of First Western Financial during the 2nd quarter worth about $258,000. Bank of America Corp DE acquired a new stake in shares of First Western Financial during the 2nd quarter valued at about $364,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of First Western Financial during the 2nd quarter valued at about $736,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Company Profile

(Get Free Report)

First Western Financial, Inc is a Denver-based financial services company and the parent organization of First Western Trust Bank. The company focuses on providing integrated private banking, wealth management, and trust services to high-net-worth individuals, families, entrepreneurs, professionals, and privately held businesses.

Its private banking activities include deposit accounts, lending, and other banking solutions tailored to clients’ financial needs. Through its wealth management and trust businesses, First Western provides investment management, financial planning, fiduciary services, estate and tax planning support, and related services designed to help clients manage and preserve wealth across generations.

First Western was founded in 2004 and serves clients through offices in the western United States, with a presence concentrated in Colorado and additional markets in the region.

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