First Western Financial (NASDAQ:MYFW) Price Target Raised to $23.00 at Piper Sandler

First Western Financial (NASDAQ:MYFW - Free Report) had its price objective lifted by Piper Sandler from $22.00 to $23.00 in a research note published on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

MYFW has been the subject of a number of other research reports. Hovde Group boosted 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 boosted their price objective on shares of First Western Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th.

First Western Financial Stock Performance

Shares of MYFW remained flat at $21.00 during mid-day trading on Tuesday. The stock had a trading volume of 21,837 shares, compared to its average volume of 25,317. First Western Financial has a 12-month low of $12.84 and a 12-month high of $22.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market capitalization of $202.94 million, a P/E ratio of 33.87 and a beta of 0.65. The stock's 50 day moving average is $20.57 and its 200-day moving average is $18.83.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The firm had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. As a group, research analysts forecast that First Western Financial will post 0.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David R. Duncan sold 8,600 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was 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 directly owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 17.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MYFW. FMR LLC lifted its holdings in First Western Financial by 347.2% during the 3rd quarter. FMR LLC now owns 3,117 shares of the company's stock valued at $62,000 after buying an additional 2,420 shares in the last quarter. ELCO Management Co. LLC purchased a new position in First Western Financial in the second quarter worth $194,000. Hsbc Holdings PLC purchased a new stake in First Western Financial during the 2nd quarter worth approximately $210,000. Sippican Capital Advisors purchased a new position in First Western Financial in the 3rd quarter worth $272,000. Finally, Barclays PLC lifted its stake in First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock valued at $353,000 after acquiring an additional 9,309 shares during the period. Institutional investors own 60.26% of the company's stock.

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.