First Western Financial (NASDAQ:MYFW) Price Target Cut to $23.00 by Analysts at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $24.00 to $23.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on MYFW. Hovde Group boosted their price objective 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. Piper Sandler upped their price target on First Western Financial from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday.

First Western Financial Stock Down 1.1 %

Shares of NASDAQ MYFW traded down $0.20 during midday trading on Tuesday, hitting $18.82. 78,527 shares of the stock traded hands, compared to its average volume of 24,183. The company has a market cap of $181.80 million, a PE ratio of 29.05 and a beta of 0.61. First Western Financial has a one year low of $12.84 and a one year high of $21.87. The business has a 50 day moving average price of $19.51 and a two-hundred day moving average price of $17.97. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.13.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a return on equity of 2.45% and a net margin of 3.33%. The company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. During the same quarter last year, the company posted $0.32 EPS. On average, equities analysts predict that First Western Financial will post 1 EPS for the current year.

Insider Activity

In related news, Director David R. Duncan sold 5,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the sale, the director now owns 17,520 shares of the company's stock, valued at approximately $342,165.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.90% of the company's stock.

Hedge Funds Weigh In On First Western Financial

A number of institutional investors have recently added to or reduced their stakes in MYFW. BNP Paribas Financial Markets increased its stake in First Western Financial by 67.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company's stock worth $58,000 after acquiring an additional 1,599 shares during the last quarter. ELCO Management Co. LLC bought a new position in First Western Financial in the 2nd quarter worth about $194,000. Hsbc Holdings PLC bought a new position in First Western Financial in the 2nd quarter worth about $210,000. Sippican Capital Advisors bought a new position in First Western Financial in the 3rd quarter worth about $272,000. Finally, Empowered Funds LLC increased its stake in First Western Financial by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company's stock worth $325,000 after acquiring an additional 1,575 shares during the last quarter. 60.26% of the stock is currently 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.