First Western Financial (NASDAQ:MYFW) Upgraded by Wall Street Zen to "Hold" Rating

First Western Financial (NASDAQ:MYFW - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

MYFW has been the subject of a number of other research reports. Weiss Ratings restated a "hold (c)" rating on shares of First Western Financial in a research note on Wednesday, October 8th. Zacks Research cut First Western Financial from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $24.33.

Get Our Latest Stock Report on MYFW

First Western Financial Stock Performance

Shares of NASDAQ MYFW opened at $23.00 on Friday. The firm has a market capitalization of $223.33 million, a price-to-earnings ratio of 17.83 and a beta of 0.89. First Western Financial has a one year low of $17.10 and a one year high of $24.88. The business has a fifty day simple moving average of $22.89 and a 200 day simple moving average of $22.32. The company has a current ratio of 1.04, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings data on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million during the quarter. First Western Financial had a net margin of 6.91% and a return on equity of 4.91%. Sell-side analysts expect that First Western Financial will post 1.5 EPS for the current year.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer owned 757,164 shares of the company's stock, valued at approximately $17,861,498.76. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.50% of the company's stock.

Institutional Investors Weigh In On First Western Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of First Western Financial by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company's stock worth $367,000 after purchasing an additional 2,047 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in First Western Financial by 2.4% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 158,544 shares of the company's stock worth $3,115,000 after buying an additional 3,666 shares in the last quarter. First Western Trust Bank boosted its position in First Western Financial by 0.4% in the 1st quarter. First Western Trust Bank now owns 112,170 shares of the company's stock valued at $2,204,000 after buying an additional 495 shares during the last quarter. Nuveen LLC acquired a new stake in shares of First Western Financial in the 1st quarter valued at $553,000. Finally, Persistent Asset Partners Ltd raised its position in shares of First Western Financial by 19.6% during the first quarter. Persistent Asset Partners Ltd now owns 17,384 shares of the company's stock worth $342,000 after acquiring an additional 2,846 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

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.

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