First Western Financial (NASDAQ:MYFW) Given New $23.00 Price Target at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price objective decreased by Keefe, Bruyette & Woods from $25.00 to $23.00 in a research report sent to investors on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $18.57 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $22.00. The firm has a market capitalization of $178.64 million, a PE ratio of 24.12 and a beta of 0.61. The stock’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $16.30.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.20). The firm had revenue of $45.03 million for the quarter, compared to analyst estimates of $23.70 million. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. During the same period last year, the firm earned $0.25 EPS. As a group, equities research analysts forecast that First Western Financial will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in First Western Financial by 67.5% during the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after buying an additional 1,599 shares during the period. Strs Ohio acquired a new position in First Western Financial during the fourth quarter worth approximately $239,000. Empowered Funds LLC grew its stake in shares of First Western Financial by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock valued at $325,000 after purchasing an additional 1,575 shares during the last quarter. Mendon Capital Advisors Corp purchased a new position in shares of First Western Financial in the 4th quarter valued at approximately $1,132,000. Finally, Wasatch Advisors LP grew its stake in shares of First Western Financial by 14.5% in the 1st quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock valued at $5,307,000 after purchasing an additional 46,172 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Company Profile

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.