First Western Financial (NASDAQ:MYFW) Given New $22.50 Price Target at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its price objective cut by equities research analysts at Piper Sandler from $23.00 to $22.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 13.81% from the company’s current price.

Separately, Keefe, Bruyette & Woods dropped their target price on First Western Financial from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday.

First Western Financial Stock Performance

NASDAQ MYFW traded down $0.28 on Monday, hitting $19.77. 3,094 shares of the company’s stock were exchanged, compared to its average volume of 24,857. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The firm’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $19.35. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $22.32. The firm has a market cap of $190.98 million, a price-to-earnings ratio of 31.89 and a beta of 0.68.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. On average, research analysts expect that First Western Financial will post 0.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director David R. Duncan sold 8,600 shares of the 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of First Western Financial

Several large investors have recently added to or reduced their stakes in MYFW. FMR LLC increased its holdings in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after purchasing an additional 2,420 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in First Western Financial in the 2nd quarter valued at $210,000. Sippican Capital Advisors acquired a new stake in First Western Financial in the 3rd quarter valued at $272,000. JPMorgan Chase & Co. increased its holdings in First Western Financial by 284.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock valued at $273,000 after purchasing an additional 10,113 shares in the last quarter. Finally, Barclays PLC increased its holdings in First Western Financial by 112.5% in the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after purchasing an additional 9,309 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.