Piper Sandler Increases First Western Financial (NASDAQ:MYFW) Price Target to $22.00

First Western Financial (NASDAQ:MYFW - Free Report) had its price target boosted by Piper Sandler from $20.00 to $22.00 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of First Western Financial from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Hovde Group raised their price target on shares of First Western Financial from $21.00 to $23.50 and gave the company an "outperform" rating in a research report on Wednesday, August 28th.

First Western Financial Trading Down 0.5 %

MYFW stock traded down $0.10 during mid-day trading on Monday, reaching $19.02. The company's stock had a trading volume of 15,607 shares, compared to its average volume of 23,922. The company has a market cap of $182.99 million, a price-to-earnings ratio of 24.71 and a beta of 0.61. First Western Financial has a 12 month low of $12.84 and a 12 month high of $21.87. The business's 50 day moving average price is $19.46 and its 200 day moving average price is $17.93. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. The company had revenue of $45.06 million during the quarter, compared to the consensus estimate of $24.10 million. During the same period last year, the firm posted $0.32 earnings per share. On average, equities research analysts predict that First Western Financial will post 1 EPS for the current year.

Insider Activity at First Western Financial

In other news, Director David R. Duncan sold 5,500 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 17.90% of the stock is owned by insiders.

Hedge Funds Weigh In On First Western Financial

Several institutional investors and hedge funds have recently bought and sold shares of MYFW. Sippican Capital Advisors purchased a new stake in First Western Financial during the third quarter valued at about $272,000. Mendon Capital Advisors Corp boosted its holdings in First Western Financial by 128.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company's stock worth $1,214,000 after buying an additional 40,138 shares during the period. ELCO Management Co. LLC purchased a new position in First Western Financial in the 2nd quarter valued at approximately $194,000. Hsbc Holdings PLC bought a new stake in First Western Financial during the 2nd quarter valued at $210,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company's stock worth $2,713,000 after acquiring an additional 11,120 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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.