First Western Financial, Inc. (NASDAQ:MYFW) Given Average Recommendation of “Hold” by Analysts

First Western Financial, Inc. (NASDAQ:MYFW) has been given a consensus recommendation of “Hold” by the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.3333.

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Western Financial in a report on Monday. Zacks Research downgraded First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th.

Insider Activity

In other news, CEO Scott C. Wylie sold 16,171 shares of First Western Financial stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $25.72, for a total transaction of $415,918.12. Following the sale, the chief executive officer owned 756,482 shares in the company, valued at $19,456,717.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 17.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Western Financial

Institutional investors have recently bought and sold shares of the stock. North Reef Capital Management LP increased its holdings in First Western Financial by 13.2% in the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock valued at $14,225,000 after acquiring an additional 72,102 shares during the last quarter. Jacobs Asset Management LLC grew its position in shares of First Western Financial by 4.2% during the first 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 in the last quarter. Algebris UK Ltd. bought a new stake in shares of First Western Financial in the third quarter worth about $7,258,000. Mendon Capital Advisors Corp lifted its position in shares of First Western Financial by 9.1% in the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company’s stock worth $6,329,000 after buying an additional 23,317 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in First Western Financial by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 250,077 shares of the company’s stock valued at $5,758,000 after buying an additional 12,730 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

First Western Financial Price Performance

NASDAQ MYFW opened at $25.78 on Wednesday. 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 has a 12 month low of $17.10 and a 12 month high of $26.28. The stock has a market cap of $250.32 million, a price-to-earnings ratio of 19.98 and a beta of 0.81. The company’s 50 day moving average is $23.52 and its two-hundred day moving average is $22.85.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Friday, March 4th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $23.41 million during the quarter. First Western Financial had a net margin of 6.91% and a return on equity of 4.91%. As a group, research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current year.

About First Western Financial

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.