First Western Financial (NASDAQ:MYFW) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First Western Financial (NASDAQ:MYFW) had its price objective upped by Keefe, Bruyette & Woods from $29.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.20% from the company’s previous close.

A number of other equities analysts have also commented on the company. Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Zacks Research raised First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Piper Sandler upped their price target on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, First Western Financial currently has an average rating of “Buy” and an average target price of $30.00.

First Western Financial Price Performance

Shares of NASDAQ MYFW traded up $0.71 during mid-day trading on Thursday, hitting $31.37. 40,148 shares of the stock were exchanged, compared to its average volume of 31,997. First Western Financial has a twelve month low of $20.40 and a twelve month high of $31.50. The stock’s fifty day simple moving average is $28.64 and its two-hundred day simple moving average is $26.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market cap of $305.23 million, a P/E ratio of 20.24 and a beta of 0.73.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, April 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.44 by $0.19. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%.The business had revenue of $27.58 million for the quarter, compared to the consensus estimate of $27.30 million. As a group, analysts forecast that First Western Financial will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling

In other First Western Financial news, CEO Scott C. Wylie sold 1,083 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total value of $30,887.16. Following the transaction, the chief executive officer directly owned 756,729 shares in the company, valued at approximately $21,581,911.08. This trade represents a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in First Western Financial by 37.1% during 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 during the last quarter. Focus Partners Wealth bought a new position in shares of First Western Financial in the 3rd quarter valued at about $49,000. JPMorgan Chase & Co. grew its position in shares of First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after buying an additional 1,555 shares during the period. R Squared Ltd bought a new stake in shares of First Western Financial during the fourth quarter worth approximately $208,000. Finally, Wells Fargo & Company MN raised its stake in shares of First Western Financial by 45.2% during the fourth quarter. Wells Fargo & Company MN now owns 10,605 shares of the company’s stock worth $284,000 after buying an additional 3,299 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Company Profile

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.