First Western Financial (NASDAQ:MYFW) Price Target Cut to $24.00 by Analysts at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $25.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 16.34% from the stock’s current price.

Separately, Piper Sandler raised their price target on shares of First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

First Western Financial Price Performance

Shares of MYFW opened at $20.63 on Monday. First Western Financial has a twelve month low of $12.84 and a twelve month high of $22.32. The company has a market capitalization of $199.29 million, a P/E ratio of 33.27 and a beta of 0.68. The firm has a 50 day moving average of $19.89 and a 200 day moving average of $19.38. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. As a group, equities research analysts anticipate that First Western Financial will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of First Western Financial

Several large investors have recently modified their holdings of the company. FMR LLC raised its holdings in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares during the period. Hsbc Holdings PLC purchased a new stake in First Western Financial in the second quarter worth about $210,000. Sippican Capital Advisors purchased a new stake in First Western Financial in the third quarter worth about $272,000. JPMorgan Chase & Co. raised its stake in shares of First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after buying an additional 10,113 shares during the period. Finally, Barclays PLC lifted its position in shares of First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after buying an additional 9,309 shares in the last quarter. Institutional investors 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.