First Western Financial, Inc. (NASDAQ:MYFW) Director Sells $107,415.00 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the sale, the director now owns 17,520 shares in the company, valued at $342,165.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Western Financial Stock Performance

Shares of MYFW opened at $19.51 on Friday. The company has a market capitalization of $187.71 million, a price-to-earnings ratio of 25.34 and a beta of 0.62. First Western Financial, Inc. has a 52-week low of $12.84 and a 52-week high of $21.15. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $18.26 and a 200 day moving average price of $16.84.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Tuesday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.20). First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. The company had revenue of $45.03 million during the quarter, compared to analyst estimates of $23.70 million. During the same quarter in the previous year, the company posted $0.25 EPS. Research analysts predict that First Western Financial, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

MYFW has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Hovde Group boosted their target price on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods cut their price target on First Western Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th.

Hedge Funds Weigh In On First Western Financial

Several hedge funds have recently made changes to their positions in MYFW. Wasatch Advisors LP boosted its position in shares of First Western Financial by 10.0% in the 4th quarter. Wasatch Advisors LP now owns 317,818 shares of the company’s stock valued at $6,302,000 after purchasing an additional 28,962 shares during the period. BNP Paribas Financial Markets lifted its stake in First Western Financial by 67.5% in the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock valued at $58,000 after buying an additional 1,599 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of First Western Financial by 7.6% in the first quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock valued at $325,000 after acquiring an additional 1,575 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Western Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after acquiring an additional 4,415 shares during the period. Finally, Strategic Value Bank Partners LLC grew its position in shares of First Western Financial by 12.9% during the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after acquiring an additional 28,563 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.