Insider Selling: First Western Financial (NASDAQ:MYFW) Director Sells $110,634.66 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 4,406 shares of First Western Financial stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $25.11, for a total transaction of $110,634.66. Following the completion of the transaction, the director directly owned 1,674 shares of the company’s stock, valued at $42,034.14. The trade was a 72.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First Western Financial Stock Down 0.1%

First Western Financial stock opened at $25.15 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market capitalization of $244.33 million, a PE ratio of 18.63 and a beta of 0.77. The business has a 50 day simple moving average of $25.60 and a 200-day simple moving average of $23.77. First Western Financial, Inc. has a 12 month low of $17.52 and a 12 month high of $28.00.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13). First Western Financial had a return on equity of 5.09% and a net margin of 7.08%.The company had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $27.50 million. On average, analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

A number of hedge funds have recently made changes to their positions in MYFW. Empowered Funds LLC raised its position in First Western Financial by 8.0% in the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after purchasing an additional 1,824 shares during the period. Acadian Asset Management LLC grew its stake in shares of First Western Financial by 122.7% in the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock valued at $796,000 after buying an additional 22,382 shares in the last quarter. Sippican Capital Advisors raised its holdings in shares of First Western Financial by 12.6% in the 2nd quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock valued at $1,017,000 after buying an additional 5,030 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of First Western Financial in the 2nd quarter valued at $755,000. Finally, Geode Capital Management LLC lifted its stake in First Western Financial by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock worth $4,100,000 after acquiring an additional 6,431 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

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