Key Points
- CEO Scott Wylie sold 16,171 shares on December 12 at an average price of $25.72 for approximately $415,918, leaving him with 756,482 shares (about $19.46M) and a 2.09% reduction in ownership.
- First Western Financial trades near $25.78 with a market capitalization of about $250.3M and a P/E of ~19.98; analysts are mixed with an average "Hold" rating and a $24.33 price target, and institutional investors own roughly 60.26% of the stock.
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) CEO Scott Wylie sold 16,171 shares of First Western Financial stock in a transaction on Friday, December 12th. The shares were sold at an average price of $25.72, for a total value of $415,918.12. Following the completion of the sale, the chief executive officer directly owned 756,482 shares of the company's stock, valued at $19,456,717.04. This trade represents a 2.09% 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.
First Western Financial Stock Performance
Shares of NASDAQ:MYFW opened at $25.78 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $250.32 million, a P/E ratio of 19.98 and a beta of 0.81. The business has a 50-day moving average price of $23.52 and a two-hundred day moving average price of $22.85. First Western Financial, Inc. has a 1-year low of $17.10 and a 1-year high of $26.28.
First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings data on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. First Western Financial had a net margin of 6.91% and a return on equity of 4.91%. The firm had revenue of $23.41 million for the quarter. Equities analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Zacks Research lowered First Western Financial from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 28th. Weiss Ratings restated a "hold (c+)" rating on shares of First Western Financial in a research report on Monday. Finally, Wall Street Zen upgraded First Western Financial from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, First Western Financial has an average rating of "Hold" and an average price target of $24.33.
Read Our Latest Research Report on MYFW
Institutional Trading of First Western Financial
Institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of First Western Financial by 1,470.6% during the third 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. 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 valued at $38,000 after acquiring an additional 441 shares in the last quarter. Focus Partners Wealth acquired a new position in First Western Financial during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 1,555 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of First Western Financial in the second quarter valued at approximately $219,000. 60.26% of the stock is currently owned by institutional investors.
First Western Financial Company Profile
(
Get Free Report)
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.
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