First Western Financial (NASDAQ:MYFW) Given New $24.00 Price Target at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its target price lowered by analysts at Keefe, Bruyette & Woods from $25.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 24.22% from the company’s current price.

Separately, Piper Sandler raised their target price on shares of First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

First Western Financial Trading Up 6.6 %

NASDAQ:MYFW opened at $19.32 on Monday. The company has a 50-day moving average price of $19.90 and a 200-day moving average price of $19.35. First Western Financial has a 12 month low of $12.84 and a 12 month high of $22.32. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The stock has a market cap of $186.63 million, a price-to-earnings ratio of 31.16 and a beta of 0.68.

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

Insider Activity at First Western Financial

In related news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the transaction, the director now directly owns 8,760 shares of the company’s stock, valued at $166,702.80. This trade represents a 49.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after buying an additional 1,072 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in First Western Financial by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock worth $451,000 after buying an additional 1,592 shares during the last quarter. FMR LLC raised its holdings in First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after buying an additional 2,420 shares during the last quarter. Geode Capital Management LLC raised its holdings in First Western Financial by 1.5% in the third quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock worth $3,492,000 after buying an additional 2,661 shares during the last quarter. Finally, State Street Corp raised its holdings in First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company’s stock worth $2,245,000 after buying an additional 5,611 shares during the last quarter. 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.