First Western Financial (MYFW) Expected to Announce Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) is expected to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect First Western Financial to post earnings of $0.28 per share and revenue of $24,540.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. The company had revenue of $45.06 million during the quarter, compared to the consensus estimate of $24.10 million. During the same quarter in the prior year, the business earned $0.32 EPS. 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 Trading Up 0.5 %

Shares of First Western Financial stock opened at $17.68 on Tuesday. The company’s 50-day moving average price is $20.05 and its 200-day moving average price is $19.30. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. First Western Financial has a 12-month low of $12.84 and a 12-month high of $22.32. The company has a market cap of $170.79 million, a price-to-earnings ratio of 28.52 and a beta of 0.68.

Wall Street Analyst Weigh In

MYFW has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price target on First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling

In related news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total value of $163,658.00. Following the transaction, the director now owns 8,760 shares in the company, valued at $166,702.80. This trade represents a 49.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.90% of the stock is currently owned by corporate insiders.

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.