First Western Financial (NASDAQ:MYFW) Director Sells $220,480.56 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David Duncan sold 8,626 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Western Financial Stock Up 0.3%

First Western Financial stock opened at $26.10 on Friday. The firm has a market capitalization of $253.43 million, a price-to-earnings ratio of 19.33 and a beta of 0.76. The company’s 50 day simple moving average is $25.80 and its 200 day simple moving average is $23.83. 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, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $28.00.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share 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 firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. As a group, sell-side analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Finally, Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One 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. Based on data from MarketBeat.com, First Western Financial presently has an average rating of “Moderate Buy” and an average target price of $24.33.

Institutional Inflows and Outflows

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

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.