First Western Financial (MYFW) to Release Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) will likely be issuing its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $24,540.00 billion for the quarter.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. During the same quarter last year, the business posted $0.32 EPS. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Stock Performance

First Western Financial stock opened at $17.94 on Thursday. The firm has a market capitalization of $173.37 million, a PE ratio of 28.94 and a beta of 0.68. First Western Financial has a one year low of $12.84 and a one year high of $22.32. The stock’s 50 day moving average price is $20.22 and its 200 day moving average price is $19.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07.

Analyst Ratings Changes

MYFW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of First Western Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Insider Buying and Selling at First Western Financial

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 in the company, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.90% of the stock is currently owned by corporate 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.