First Western Financial (NASDAQ:MYFW) Price Target Raised to $22.00 at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its target price lifted by Piper Sandler from $20.00 to $22.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Hovde Group increased their price objective on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th.

First Western Financial Stock Down 0.5 %

Shares of MYFW opened at $19.01 on Monday. The firm has a market cap of $183.64 million, a PE ratio of 30.81 and a beta of 0.61. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average is $19.59 and its two-hundred day moving average is $18.02. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $21.87.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $0.32 EPS. Analysts forecast that First Western Financial will post 1 earnings per share for the current year.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total value of $163,658.00. Following the transaction, the director now owns 8,760 shares in the company, valued at $166,702.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David R. Duncan sold 5,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the sale, the director now owns 17,520 shares of the company’s stock, valued at $342,165.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its stake in shares of First Western Financial by 7.6% in the first quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock worth $325,000 after buying an additional 1,575 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of First Western Financial by 67.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after purchasing an additional 1,599 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after purchasing an additional 4,415 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after purchasing an additional 11,120 shares during the last quarter. Finally, ELCO Management Co. LLC acquired a new position in First Western Financial in the second quarter worth about $194,000. 60.26% of the stock is owned by institutional investors and hedge funds.

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.