Shares of First Western Financial Inc (NASDAQ:MYFW) have received a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company.
Analysts have set a 12-month consensus price target of $19.50 for the company, according to Zacks. Zacks has also assigned First Western Financial an industry rank of 156 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of First Western Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th.
Several institutional investors have recently modified their holdings of MYFW. JJJ Advisors Inc. acquired a new position in shares of First Western Financial in the first quarter worth about $61,000. Segall Bryant & Hamill LLC acquired a new position in shares of First Western Financial during the 4th quarter worth about $136,000. Northern Trust Corp acquired a new position in shares of First Western Financial during the 4th quarter worth about $433,000. ELCO Management Co. LLC acquired a new position in shares of First Western Financial during the 2nd quarter worth about $456,000. Finally, Mesirow Financial Investment Management Inc. raised its position in shares of First Western Financial by 47.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 36,378 shares of the company’s stock worth $477,000 after purchasing an additional 11,643 shares during the last quarter. Institutional investors and hedge funds own 36.15% of the company’s stock.
Shares of First Western Financial stock traded down $0.02 during trading hours on Friday, reaching $14.05. The stock had a trading volume of 8,807 shares, compared to its average volume of 2,238. The company’s 50 day simple moving average is $13.45. The stock has a market cap of $112.33 million and a price-to-earnings ratio of 14.81. First Western Financial has a twelve month low of $10.91 and a twelve month high of $18.91. 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 issued its quarterly earnings data on Thursday, July 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $16.55 million during the quarter. First Western Financial had a net margin of 9.07% and a return on equity of 6.52%. On average, analysts forecast that First Western Financial will post 1.1 EPS for the current year.
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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