First Western Financial (NASDAQ:MYFW) Announces Quarterly Earnings Results

First Western Financial (NASDAQ:MYFW) issued its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28, Zacks reports. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%.

First Western Financial Price Performance

NASDAQ:MYFW traded up $0.02 during mid-day trading on Thursday, reaching $18.13. 14,013 shares of the company were exchanged, compared to its average volume of 21,008. First Western Financial has a 12 month low of $12.84 and a 12 month high of $22.32. The stock has a market cap of $175.14 million, a PE ratio of 29.24 and a beta of 0.68. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $19.96 and a 200 day moving average of $19.30.

Insider Transactions at First Western Financial

In other news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total value of $163,658.00. Following the completion of the sale, the director now directly owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. This trade represents a 49.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their target price on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

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.