Key Points
- Director David Duncan sold 3,668 shares of First Western Financial on January 28 at an average price of $24.95, totaling about $91,516, according to an SEC filing.
- First Western reported quarterly EPS of $0.34, missing the $0.47 consensus and posting revenue of $26.71M versus the $27.50M estimate, with ROE 5.09% and net margin 7.08%.
- The stock trades near $25, has a market cap of $244.5M and a P/E of 18.65, and carries a consensus analyst rating of "Moderate Buy" with a $24.33 target.
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) Director David Duncan sold 3,668 shares of First Western Financial stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $24.95, for a total value of $91,516.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
First Western Financial Stock Performance
First Western Financial stock opened at $25.18 on Friday. The stock has a market cap of $244.50 million, a P/E ratio of 18.65 and a beta of 0.77. 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 50 day moving average of $25.57 and a 200-day moving average of $23.77. First Western Financial, Inc. has a 52 week low of $17.52 and a 52 week high of $28.00.
First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.13). The company had revenue of $26.71 million during the quarter, compared to the consensus estimate of $27.50 million. First Western Financial had a return on equity of 5.09% and a net margin of 7.08%. On average, analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.
Hedge Funds Weigh In On First Western Financial
Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund grew its holdings 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 valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 buying an additional 441 shares during the last quarter. Focus Partners Wealth acquired a new stake in First Western Financial in the third quarter worth $49,000. JPMorgan Chase & Co. lifted its stake in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company's stock valued at $169,000 after buying an additional 1,555 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in First Western Financial in the second quarter valued at $219,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Zacks Research raised shares of First Western Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 19th. Wall Street Zen raised First Western Financial from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of First Western Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.
Check Out Our Latest Analysis on First Western Financial
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.
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