First Western Financial (NASDAQ:MYFW) PT Raised to $22.00

First Western Financial (NASDAQ:MYFW) had its target price lifted by stock analysts at Piper Sandler from $20.00 to $22.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 17.96% from the company’s current price.

MYFW has been the subject of several other reports. Hovde Group raised their target price on First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods lowered their price objective on First Western Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th.

First Western Financial Trading Down 1.9 %

NASDAQ:MYFW opened at $18.65 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. First Western Financial has a 12 month low of $12.84 and a 12 month high of $21.87. The company’s 50 day moving average is $19.51 and its 200-day moving average is $17.97. The firm has a market cap of $180.16 million, a price-to-earnings ratio of 30.08 and a beta of 0.61.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.45%. During the same period last year, the business earned $0.32 EPS. Equities analysts anticipate that First Western Financial will post 1 EPS for the current year.

Insider Transactions at First Western Financial

In related news, Director David R. Duncan sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the completion of the transaction, the director now owns 17,520 shares in the company, valued at $342,165.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its position in shares of First Western Financial by 14.5% in the first quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock valued at $5,307,000 after buying an additional 46,172 shares during the last quarter. Strategic Value Bank Partners LLC boosted its stake in shares of First Western Financial by 12.9% during the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after purchasing an additional 28,563 shares in the last quarter. Mendon Capital Advisors Corp increased its holdings in First Western Financial by 128.3% in the second quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after purchasing an additional 40,138 shares during the period. Vanguard Group Inc. raised its holdings in First Western Financial by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after purchasing an additional 4,415 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Western Financial by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock valued at $2,713,000 after purchasing an additional 11,120 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

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.