First Western Financial (MYFW) Scheduled to Post Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Tuesday, July 23rd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.20). The firm had revenue of $45.03 million during the quarter, compared to analyst estimates of $23.70 million. First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Stock Performance

NASDAQ MYFW opened at $21.05 on Tuesday. The firm’s 50 day simple moving average is $19.19 and its 200 day simple moving average is $17.75. The firm has a market capitalization of $202.52 million, a price-to-earnings ratio of 27.34 and a beta of 0.61. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. First Western Financial has a 1 year low of $12.84 and a 1 year high of $21.87.

Analyst Ratings Changes

A number of equities analysts have recently commented on MYFW shares. Piper Sandler boosted their price target on First Western Financial from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods dropped their target price on shares of First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Hovde Group upped their price objective on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th.

Insider Buying and Selling at First Western Financial

In other news, Director David R. Duncan sold 5,500 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 17.90% 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.