Key Points
- CEO Scott Wylie sold 10,000 shares of First Western Financial at an average price of $30.55, totaling $305,500. He retains 740,312 shares valued at approximately $22.6 million.
- First Western Financial recently reported quarterly EPS of $0.57, slightly exceeding analyst expectations, while revenue of $28.14 million fell short of estimates.
- Analyst sentiment is mixed, with a consensus “Hold” rating and a $32.00 average price target; institutional investors own 60.26% of the company.
First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) CEO Scott Wylie sold 10,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $30.55, for a total value of $305,500.00. Following the sale, the chief executive officer directly owned 740,312 shares of the company's stock, valued at $22,616,531.60. This represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
First Western Financial Price Performance
NASDAQ:MYFW opened at $31.02 on Thursday. First Western Financial, Inc. has a one year low of $21.31 and a one year high of $34.36. The company has a market cap of $303.07 million, a P/E ratio of 16.68 and a beta of 0.71. The firm's fifty day moving average price is $31.95 and its two-hundred day moving average price is $28.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.01.
First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. The company had revenue of $28.14 million during the quarter, compared to analysts' expectations of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. Equities analysts expect that First Western Financial, Inc. will post 2.36 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc bought a new position in shares of First Western Financial during the second quarter worth approximately $29,000. BNP Paribas Financial Markets boosted its stake in shares of First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company's stock valued at $38,000 after buying an additional 441 shares during the period. Focus Partners Wealth bought a new stake in shares of First Western Financial in the third quarter valued at approximately $49,000. Public Employees Retirement System of Ohio acquired a new stake in First Western Financial during the second quarter worth approximately $83,000. Finally, California State Teachers Retirement System grew its position in First Western Financial by 731.5% during the second quarter. California State Teachers Retirement System now owns 3,725 shares of the company's stock worth $116,000 after buying an additional 3,277 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.
Analyst Ratings Changes
MYFW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on First Western Financial from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. Piper Sandler boosted their price target on First Western Financial from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Zacks Research lowered First Western Financial from a "hold" rating to a "strong sell" rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded First Western Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, First Western Financial has a consensus rating of "Hold" and a consensus price target of $32.00.
Read Our Latest Stock Report 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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