David Duncan Sells 3,668 Shares of First Western Financial (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 3,668 shares of First Western Financial stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $24.95, for a total transaction of $91,516.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

First Western Financial Stock Down 0.1%

First Western Financial stock opened at $25.15 on Friday. The company has a market capitalization of $244.33 million, a P/E ratio of 18.63 and a beta of 0.77. The firm’s fifty day simple moving average is $25.60 and its 200-day simple moving average is $23.77. 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 1-year low of $17.52 and a 1-year high of $28.00.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13). The business had revenue of $26.71 million during the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a return on equity of 5.09% and a net margin of 7.08%. Sell-side analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MYFW. BNP Paribas Financial Markets boosted its position in shares of First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after acquiring an additional 441 shares during the period. First Western Trust Bank raised its stake in First Western Financial by 0.4% during the 2nd quarter. First Western Trust Bank now owns 112,665 shares of the company’s stock valued at $2,542,000 after purchasing an additional 495 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after purchasing an additional 1,555 shares during the period. Finally, Empowered Funds LLC grew its position in First Western Financial by 8.0% in the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock worth $487,000 after purchasing an additional 1,824 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

About First Western Financial

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.