First Western Financial (NASDAQ:MYFW) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of First Western Financial (NASDAQ:MYFW – Free Report) from a hold rating to a sell rating in a research report report published on Sunday morning.

First Western Financial Trading Down 1.5%

Shares of First Western Financial stock opened at $23.01 on Friday. The company has a fifty day simple moving average of $22.74 and a 200-day simple moving average of $21.06. First Western Financial has a 12-month low of $17.10 and a 12-month high of $24.88. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.80. The stock has a market cap of $223.66 million, a price-to-earnings ratio of 19.34 and a beta of 0.87.

First Western Financial (NASDAQ:MYFW – Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. The company had revenue of $22.42 million during the quarter, compared to analyst estimates of $25.28 million. On average, equities analysts forecast that First Western Financial will post 1.5 EPS for the current fiscal year.

Institutional Trading of First Western Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Sippican Capital Advisors raised its position in First Western Financial by 61.9% in the 1st quarter. Sippican Capital Advisors now owns 40,070 shares of the company’s stock valued at $787,000 after purchasing an additional 15,325 shares during the last quarter. Bank of New York Mellon Corp raised its position in First Western Financial by 12.3% in the 1st quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after purchasing an additional 2,047 shares during the last quarter. Jacobs Asset Management LLC raised its position in First Western Financial by 4.2% in the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company’s stock valued at $6,390,000 after purchasing an additional 13,053 shares during the last quarter. Bank of America Corp DE raised its position in First Western Financial by 40.7% in the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company’s stock valued at $296,000 after purchasing an additional 4,383 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in First Western Financial in the 4th quarter valued at $489,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About First Western Financial

(Get Free Report)

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.

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