Key Points
- CEO Scott Wylie sold 1,083 shares of First Western Financial at an average price of $28.52, totaling about $30,887. The sale reduced his ownership by just 0.14%, and he still holds 756,729 shares valued at roughly $21.58 million.
- First Western Financial recently beat earnings expectations, reporting $0.63 EPS versus the $0.44 consensus estimate, while revenue came in at $27.58 million. Analysts now expect the company to post 2.44 EPS for the full year.
- Wall Street sentiment is broadly positive, with recent upgrades from Weiss Ratings and Zacks Research and a higher price target from Piper Sandler. The stock currently carries an average “Buy” rating with a consensus target of $27.00.
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) CEO Scott Wylie sold 1,083 shares of First Western Financial stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total value of $30,887.16. Following the completion of the transaction, the chief executive officer owned 756,729 shares of the company's stock, valued at approximately $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
First Western Financial Stock Performance
Shares of MYFW stock opened at $28.41 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $26.52 and a two-hundred day moving average of $25.62. First Western Financial, Inc. has a 52 week low of $20.11 and a 52 week high of $30.00. The company has a market cap of $276.43 million, a P/E ratio of 18.33 and a beta of 0.72.
First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.19. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%.The company had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. As a group, analysts anticipate that First Western Financial, Inc. will post 2.44 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on MYFW. Weiss Ratings raised First Western Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, April 24th. Zacks Research raised First Western Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. Finally, Piper Sandler lifted their price target on First Western Financial from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $27.00.
View Our Latest Stock Analysis on MYFW
Institutional Investors Weigh In On First Western Financial
A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in First Western Financial by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company's stock worth $38,000 after purchasing an additional 441 shares in the last quarter. New York State Common Retirement Fund grew its position in First Western Financial by 1,470.6% in 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 last quarter. Bank of America Corp DE grew its position in First Western Financial by 10.8% in the first quarter. Bank of America Corp DE now owns 12,053 shares of the company's stock worth $296,000 after buying an additional 1,178 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of First Western Financial by 10.0% during the 4th quarter. AQR Capital Management LLC now owns 13,217 shares of the company's stock valued at $354,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of First Western Financial by 6.1% during the 4th quarter. Barclays PLC now owns 21,788 shares of the company's stock worth $584,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors own 60.26% of the company's stock.
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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