First Western Financial (NASDAQ:MYFW – Get Free Report) posted its earnings results on Thursday. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08), Zacks reports. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. The company had revenue of $45.06 million during the quarter, compared to analysts’ expectations of $24.10 million. During the same period in the prior year, the business posted $0.32 earnings per share.
First Western Financial Stock Down 6.9 %
NASDAQ MYFW traded down $1.41 during trading hours on Friday, reaching $19.12. 26,835 shares of the company’s stock traded hands, compared to its average volume of 23,962. First Western Financial has a 52-week low of $12.84 and a 52-week high of $21.87. The firm has a market cap of $183.95 million, a PE ratio of 24.83 and a beta of 0.61. The firm has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $17.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.12.
Insider Activity at First Western Financial
In related news, Director David R. Duncan sold 5,500 shares of First Western Financial stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the transaction, the director now directly owns 17,520 shares of the company’s stock, valued at $342,165.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Analysis on First Western Financial
About First Western Financial
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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