First Western Financial Inc (NASDAQ:MYFW) has been given a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $19.50 for the company, according to Zacks. Zacks has also assigned First Western Financial an industry rank of 151 out of 256 based on the ratings given to its competitors.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of First Western Financial from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Stephens restated a “hold” rating on shares of First Western Financial in a report on Thursday, January 31st.
In related news, CEO Scott C. Wylie sold 15,000 shares of First Western Financial stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $13.46, for a total value of $201,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in First Western Financial during the 3rd quarter valued at approximately $301,000. Vanguard Group Inc. acquired a new position in First Western Financial during the 3rd quarter valued at approximately $337,000. Vanguard Group Inc acquired a new position in First Western Financial during the 3rd quarter valued at approximately $337,000. Banc Funds Co. LLC increased its stake in First Western Financial by 106.4% during the 4th quarter. Banc Funds Co. LLC now owns 484,096 shares of the company’s stock valued at $5,388,000 after purchasing an additional 249,596 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in First Western Financial during the 4th quarter valued at approximately $433,000. Hedge funds and other institutional investors own 33.23% of the company’s stock.
Shares of MYFW opened at $13.10 on Friday. First Western Financial has a 1-year low of $10.91 and a 1-year high of $20.95. The stock has a market cap of $105.23 million and a price-to-earnings ratio of 18.83. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.
First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $14.95 million during the quarter. First Western Financial had a net margin of 8.99% and a return on equity of 5.34%. As a group, equities research analysts predict that First Western Financial will post 1.12 earnings per share for the current fiscal year.
First Western Financial Company Profile
First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.
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