First Western Financial (NASDAQ:MYFW) Price Target Raised to $23.00

First Western Financial (NASDAQ:MYFW) had its price objective hoisted by Piper Sandler from $22.00 to $23.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on MYFW. Hovde Group lifted their price target 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. Keefe, Bruyette & Woods lifted their target price on shares of First Western Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

First Western Financial Stock Performance

Shares of MYFW stock opened at $20.92 on Tuesday. The company’s 50-day moving average is $20.67 and its 200 day moving average is $18.88. The company has a market capitalization of $202.17 million, a price-to-earnings ratio of 33.74 and a beta of 0.65. First Western Financial has a one year low of $12.84 and a one year high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The business had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Sell-side analysts expect that First Western Financial will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the business’s stock in a transaction dated 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 approximately $342,165.60. The trade was a 23.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MYFW. FMR LLC increased its holdings in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after acquiring an additional 2,420 shares in the last quarter. ELCO Management Co. LLC bought a new position in shares of First Western Financial in the second quarter worth approximately $194,000. Hsbc Holdings PLC purchased a new stake in shares of First Western Financial in the second quarter worth $210,000. Sippican Capital Advisors bought a new stake in shares of First Western Financial during the 3rd quarter valued at $272,000. Finally, Barclays PLC boosted its holdings in First Western Financial by 112.5% in the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock worth $353,000 after buying an additional 9,309 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.