First Western Financial Inc (NASDAQ:MYFW) has been assigned an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company.
Brokers have set a 1 year consensus price target of $19.50 for the company, according to Zacks. Zacks has also given First Western Financial an industry rank of 175 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised First Western Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st.
First Western Financial stock traded up $0.22 during trading hours on Friday, reaching $12.98. The company had a trading volume of 7,469 shares, compared to its average volume of 6,125. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $101.87 million and a P/E ratio of 18.23. First Western Financial has a 12-month low of $10.91 and a 12-month high of $20.95.
First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $14.95 million for the quarter. First Western Financial had a return on equity of 5.34% and a net margin of 8.99%. Sell-side analysts expect that First Western Financial will post 1.1 earnings per share for the current fiscal year.
In other news, CEO Scott C. Wylie sold 15,000 shares of First Western Financial stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $13.46, for a total value of $201,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 24.40% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. JJJ Advisors Inc. bought a new stake in shares of First Western Financial in the 1st quarter worth approximately $61,000. Segall Bryant & Hamill LLC bought a new stake in shares of First Western Financial in the 4th quarter worth approximately $136,000. BlackRock Inc. bought a new stake in shares of First Western Financial in the 3rd quarter worth approximately $301,000. Vanguard Group Inc bought a new stake in shares of First Western Financial in the 3rd quarter worth approximately $337,000. Finally, Vanguard Group Inc. bought a new stake in shares of First Western Financial in the 3rd quarter worth approximately $337,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.
About First Western Financial
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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