Key Points
- Director David Duncan sold 4,406 shares of First Western Financial at an average price of $25.11 on Jan. 27, a $110,634.66 transaction that cut his ownership by 72.47% to 1,674 shares.
- First Western missed expectations for the quarter with $0.34 EPS vs. $0.47 expected and revenue of $26.71M vs. $27.50M, and the stock traded down about 1.9% around $24.60.
- Analysts' consensus is a "Moderate Buy" with a $24.33 average target, and institutional investors hold roughly 60.26% of the company's shares.
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) Director David Duncan sold 4,406 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $25.11, for a total transaction of $110,634.66. Following the transaction, the director owned 1,674 shares in the company, valued at $42,034.14. The trade was a 72.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
First Western Financial Trading Down 1.9%
Shares of MYFW opened at $24.60 on Thursday. First Western Financial, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $28.00. The firm has a market cap of $238.87 million, a price-to-earnings ratio of 18.22 and a beta of 0.77. The firm has a 50 day moving average price of $25.52 and a 200-day moving average price of $23.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04.
First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.13). The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.09%. As a group, equities research analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on MYFW shares. Weiss Ratings reissued a "hold (c)" rating on shares of First Western Financial in a research note on Monday, December 29th. Zacks Research raised First Western Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 19th. Finally, Wall Street Zen upgraded First Western Financial from a "sell" rating to a "hold" rating in a research report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.33.
Get Our Latest Stock Analysis on First Western Financial
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. North Reef Capital Management LP lifted its holdings in First Western Financial by 13.2% in the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company's stock worth $14,225,000 after buying an additional 72,102 shares during the period. Algebris UK Ltd. bought a new position in shares of First Western Financial during the third quarter valued at approximately $7,258,000. Mendon Capital Advisors Corp lifted its stake in First Western Financial by 9.1% in the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company's stock worth $6,329,000 after acquiring an additional 23,317 shares during the period. Dimensional Fund Advisors LP lifted its stake in First Western Financial by 5.4% in the third quarter. Dimensional Fund Advisors LP now owns 250,077 shares of the company's stock worth $5,758,000 after acquiring an additional 12,730 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in First Western Financial by 3.7% in the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company's stock valued at $4,100,000 after acquiring an additional 6,431 shares in the last quarter. Institutional investors own 60.26% of the company's stock.
About First Western Financial
(
Get Free Report)
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.
Further Reading
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