First Western Financial (MYFW) Scheduled to Post Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect First Western Financial to post earnings of $0.30 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.20). First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. The company had revenue of $45.03 million during the quarter, compared to the consensus estimate of $23.70 million. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Stock Performance

MYFW opened at $21.05 on Tuesday. The business’s 50-day simple moving average is $19.19 and its 200 day simple moving average is $17.75. First Western Financial has a 52-week low of $12.84 and a 52-week high of $21.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.13. The firm has a market capitalization of $202.52 million, a PE ratio of 27.34 and a beta of 0.61.

Analyst Ratings Changes

Several equities research analysts have recently commented on MYFW shares. Keefe, Bruyette & Woods cut their price objective on First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Piper Sandler increased their price target on shares of First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Hovde Group boosted their price objective on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the sale, the director now owns 17,520 shares of the company’s stock, valued at $342,165.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is owned by insiders.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.