Key Points
- Insider sale: Director Scott Mitchell sold 3,178 shares on Jan. 26 at an average of $23.96 for $76,144.88, reducing his stake by 36.95% to 5,423 shares valued about $129,935.
- Earnings miss: First Western reported Q4 EPS of $0.34 versus a $0.47 consensus and revenue of $26.71M versus $27.50M expected, with ROE 5.09% and a net margin of 7.08%.
- Market and analyst snapshot: MYFW trades near $26.03 with a market cap of ~$252.9M, a 52-week range of $17.52–$28.00, institutional ownership of ~60.3%, and a consensus rating of "Moderate Buy" (target $24.33).
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) Director Scott Mitchell sold 915 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.00, for a total value of $23,790.00. Following the completion of the sale, the director directly owned 4,508 shares of the company's stock, valued at $117,208. The trade was a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
First Western Financial Trading Up 0.8%
Shares of MYFW stock traded up $0.22 during trading hours on Friday, reaching $26.23. 59,891 shares of the stock were exchanged, compared to its average volume of 25,727. The firm has a market capitalization of $254.82 million, a price-to-earnings ratio of 19.43 and a beta of 0.76. The company's 50-day moving average price is $25.77 and its 200-day moving average price is $23.81. First Western Financial, Inc. has a 12-month low of $17.52 and a 12-month high of $28.00. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.
First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 earnings per share 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%. As a group, equities analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.
Hedge Funds Weigh In On First Western Financial
Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of First Western Financial by 8.0% in the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company's stock valued at $487,000 after purchasing an additional 1,824 shares during the last quarter. Acadian Asset Management LLC grew its holdings in First Western Financial by 122.7% in the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company's stock valued at $796,000 after purchasing an additional 22,382 shares during the last quarter. Sippican Capital Advisors increased its holdings in First Western Financial by 12.6% during the 2nd quarter. Sippican Capital Advisors now owns 45,100 shares of the company's stock valued at $1,017,000 after acquiring an additional 5,030 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of First Western Financial in the second quarter valued at about $755,000. Finally, Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 6,431 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on MYFW. Zacks Research upgraded shares of First Western Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 19th. Weiss Ratings restated a "hold (c)" rating on shares of First Western Financial in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of First Western Financial from a "sell" rating to a "hold" rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, First Western Financial currently has an average rating of "Moderate Buy" and a consensus target price of $24.33.
Read Our Latest Research Report on First Western Financial
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.
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