First Western Financial (NASDAQ:MYFW) Price Target Raised to $25.00

First Western Financial (NASDAQ:MYFW) had its price objective hoisted by Keefe, Bruyette & Woods from $23.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 16.71% from the company’s current price.

A number of other research analysts also recently commented on MYFW. Piper Sandler increased their price target on First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Hovde Group increased their price target on First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Wednesday, August 28th.

First Western Financial Stock Down 0.4 %

Shares of MYFW stock traded down $0.08 during trading hours on Wednesday, reaching $21.42. The company had a trading volume of 5,770 shares, compared to its average volume of 25,349. The company has a market capitalization of $206.92 million, a P/E ratio of 34.55 and a beta of 0.65. First Western Financial has a twelve month low of $12.84 and a twelve month high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. The stock’s fifty day simple moving average is $20.44 and its 200 day simple moving average is $18.73.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million during 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 2.44%. During the same period in the prior year, the company posted $0.32 EPS. As a group, sell-side analysts expect that First Western Financial will post 0.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David R. Duncan sold 5,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the sale, the director now directly owns 17,520 shares in the company, valued at approximately $342,165.60. This represents a 23.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is currently owned by company insiders.

Institutional Trading of First Western Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in shares of First Western Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after purchasing an additional 1,072 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of First Western Financial by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock worth $451,000 after purchasing an additional 1,592 shares during the period. FMR LLC raised its position in shares of First Western Financial by 347.2% during the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares during the period. Geode Capital Management LLC raised its position in shares of First Western Financial by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock worth $3,492,000 after purchasing an additional 2,661 shares during the period. Finally, Vanguard Group Inc. increased its position in 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 acquiring an additional 4,415 shares during the period. 60.26% of the stock is currently 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.