David R. Duncan Sells 8,600 Shares of First Western Financial, Inc. (NASDAQ:MYFW) Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares of the company’s stock, valued at $166,702.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Western Financial Stock Performance

Shares of NASDAQ MYFW opened at $18.94 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The stock has a market cap of $182.96 million, a price-to-earnings ratio of 30.66 and a beta of 0.61. The company has a 50 day simple moving average of $19.63 and a two-hundred day simple moving average of $18.02. First Western Financial, Inc. has a 12 month low of $12.84 and a 12 month high of $21.87.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). The firm had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.45%. During the same period last year, the firm earned $0.32 earnings per share. As a group, analysts predict that First Western Financial, Inc. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

MYFW has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on shares of First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods decreased their price objective on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Hovde Group lifted their price objective on shares of First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Wednesday, August 28th.

Hedge Funds Weigh In On First Western Financial

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of First Western Financial by 7.6% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of First Western Financial by 67.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock valued at $58,000 after purchasing an additional 1,599 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after acquiring an additional 4,415 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in First Western Financial by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after acquiring an additional 11,120 shares in the last quarter. Finally, ELCO Management Co. LLC purchased a new stake in First Western Financial in the 2nd quarter worth $194,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.