First Western Financial (NASDAQ:MYFW) Announces Earnings Results

First Western Financial (NASDAQ:MYFW) issued its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28, Zacks reports. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%.

First Western Financial Stock Performance

Shares of MYFW opened at $20.05 on Friday. First Western Financial has a one year low of $12.84 and a one year high of $22.32. The company has a market cap of $193.68 million, a PE ratio of 32.34 and a beta of 0.68. The stock has a 50-day moving average of $19.90 and a 200-day moving average of $19.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

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

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 completion of the sale, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. This trade represents a 49.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.90% of the stock is owned by company 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.