Brokerages Set First Western Financial, Inc. (NASDAQ:MYFW) Price Target at $24.33

First Western Financial, Inc. (NASDAQ:MYFW) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.3333.

Several research firms have recently commented on MYFW. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Zacks Research raised First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Wall Street Zen upgraded First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th.

Insider Buying and Selling at First Western Financial

In related news, Director Scott C. Mitchell sold 3,178 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director owned 5,423 shares of the company’s stock, valued at approximately $129,935.08. This represents a 36.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David R. Duncan sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 36,964 shares of company stock worth $938,485. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Algebris UK Ltd. acquired a new stake in shares of First Western Financial during the third quarter worth $7,258,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in First Western Financial in the 3rd quarter worth about $3,012,000. Marshall Wace LLP purchased a new stake in First Western Financial in the 2nd quarter valued at about $2,194,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Western Financial by 36,113.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after acquiring an additional 75,838 shares during the last quarter. Finally, North Reef Capital Management LP increased its stake in shares of First Western Financial by 13.2% during 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. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Stock Down 0.4%

First Western Financial stock opened at $26.00 on Thursday. First Western Financial has a fifty-two week low of $17.52 and a fifty-two week high of $28.00. The firm has a market capitalization of $252.46 million, a price-to-earnings ratio of 19.26 and a beta of 0.76. The stock’s fifty day moving average is $25.84 and its two-hundred day moving average is $23.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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 business had revenue of $26.71 million during the quarter, compared to analysts’ expectations of $27.50 million. Analysts predict that First Western Financial will post 1.5 EPS for the current fiscal year.

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.