First Western Financial (NASDAQ:MYFW) Price Target Lowered to $25.00 at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its price objective dropped by stock analysts at Piper Sandler from $26.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 3.09% from the company’s previous close.

MYFW has been the subject of a number of other research reports. Weiss Ratings upgraded First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Zacks Research raised shares of First Western Financial from a “strong sell” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, First Western Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

First Western Financial Price Performance

Shares of First Western Financial stock opened at $24.25 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $236.07 million, a price-to-earnings ratio of 18.50 and a beta of 0.66. First Western Financial has a twelve month low of $17.52 and a twelve month high of $28.00. The company has a 50-day simple moving average of $25.08 and a two-hundred day simple moving average of $24.49.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. Analysts forecast that First Western Financial will post 1.5 EPS for the current year.

Insider Buying and Selling

In other news, Director David R. Duncan sold 8,626 shares of the business’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. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott C. Mitchell sold 3,178 shares of First Western Financial 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 $129,935.08. The trade was a 36.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 20,793 shares of company stock valued at $522,567. Insiders own 15.50% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Several large investors have recently added to or reduced their stakes in MYFW. BNP Paribas Financial Markets lifted its stake 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 worth $38,000 after purchasing an additional 441 shares in the last quarter. New York State Common Retirement Fund increased its stake 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 worth $25,000 after buying an additional 1,000 shares during the period. AQR Capital Management LLC lifted its holdings in First Western Financial by 10.0% during the 4th quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after buying an additional 1,198 shares in the last quarter. Barclays PLC boosted its position in First Western Financial by 6.1% in the 4th quarter. Barclays PLC now owns 21,788 shares of the company’s stock valued at $584,000 after buying an additional 1,244 shares during the period. Finally, JPMorgan Chase & Co. boosted its position 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 buying an additional 1,555 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.