First Western Financial (NASDAQ:MYFW) Given New $24.00 Price Target at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price target decreased by Keefe, Bruyette & Woods from $25.00 to $24.00 in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Separately, Piper Sandler raised their price objective on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

First Western Financial Stock Performance

Shares of MYFW stock opened at $20.25 on Monday. The stock’s 50-day moving average is $19.89 and its two-hundred day moving average is $19.37. The firm has a market cap of $195.62 million, a price-to-earnings ratio of 32.66 and a beta of 0.68. First Western Financial has a 1 year low of $12.84 and a 1 year high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. Analysts predict that First Western Financial will post 0.93 earnings per share for the current year.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction that occurred 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 sale, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Western Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in shares of First Western Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock valued at $437,000 after acquiring an additional 1,072 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of First Western Financial by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock valued at $451,000 after acquiring an additional 1,592 shares during the period. FMR LLC lifted its position in shares of 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 acquiring an additional 2,420 shares during the period. Geode Capital Management LLC lifted its position in shares of First Western Financial by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock valued at $3,492,000 after acquiring an additional 2,661 shares during the period. Finally, State Street Corp lifted its position in shares of First Western Financial by 5.3% during the 3rd quarter. State Street Corp now owns 112,268 shares of the company’s stock valued at $2,245,000 after acquiring an additional 5,611 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.