Key Points
- Director David Duncan sold 8,626 shares on Feb. 3 at an average price of $25.56, for a total of $220,480.56, as disclosed in an SEC filing.
- First Western reported quarterly EPS of $0.34, missing estimates of $0.47, and posted revenue of $26.71 million versus estimates of $27.50 million, with a net margin of 7.08% and ROE of 5.09%.
- Analysts' consensus rating is a “Moderate Buy” with a consensus price target of $24.33 (one Strong Buy, two Buy, two Hold).
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) Director David Duncan sold 8,626 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
First Western Financial Trading Up 1.6%
MYFW opened at $26.01 on Thursday. First Western Financial, Inc. has a 52-week low of $17.52 and a 52-week high of $28.00. The firm has a market capitalization of $252.56 million, a P/E ratio of 19.27 and a beta of 0.76. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $25.73 and its 200-day moving average is $23.80.
First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.13). The company 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%. Analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.
Institutional Investors Weigh In On First Western Financial
Several hedge funds have recently modified their holdings of MYFW. Algebris UK Ltd. bought a new stake in First Western Financial in the third quarter valued at about $7,258,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of First Western Financial during the third quarter worth approximately $3,012,000. Marshall Wace LLP bought a new position in First Western Financial in the 2nd quarter valued at $2,194,000. North Reef Capital Management LP boosted its holdings in First Western Financial by 13.2% in the third quarter. North Reef Capital Management LP now owns 617,824 shares of the company's stock valued at $14,225,000 after acquiring an additional 72,102 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in shares of First Western Financial by 58.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company's stock valued at $3,598,000 after purchasing an additional 57,565 shares during the last quarter. 60.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on MYFW shares. Wall Street Zen upgraded First Western Financial from a "sell" rating to a "hold" rating in a research report on Sunday, November 9th. Weiss Ratings restated a "hold (c)" rating on shares of First Western Financial in a report on Monday, December 29th. Finally, Zacks Research upgraded First Western Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.33.
Check Out Our Latest Analysis on MYFW
First Western Financial Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
