First Western Financial (NASDAQ:MYFW) Announces Quarterly Earnings Results

First Western Financial (NASDAQ:MYFW) issued its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.13), FiscalAI reports. The firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.09%.

First Western Financial Trading Down 8.8%

NASDAQ MYFW opened at $24.83 on Friday. The company has a market capitalization of $241.10 million, a price-to-earnings ratio of 18.39 and a beta of 0.77. 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 has a 12 month low of $17.52 and a 12 month high of $28.00. The company’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $23.73.

Insider Activity

In other news, CEO Scott C. Wylie sold 16,171 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $25.72, for a total transaction of $415,918.12. Following the transaction, the chief executive officer owned 756,482 shares of the company’s stock, valued at approximately $19,456,717.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MYFW. BNP Paribas Financial Markets grew its position in shares of First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after acquiring an additional 441 shares in the last quarter. Focus Partners Wealth bought a new position in First Western Financial during the third quarter worth $49,000. JPMorgan Chase & Co. boosted its holdings in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after purchasing an additional 1,555 shares during the period. Jane Street Group LLC acquired a new position in First Western Financial in the second quarter worth $245,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in First Western Financial during the second quarter valued at $357,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

MYFW has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. 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. Finally, Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

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.