First Western Financial (NASDAQ:MYFW) Price Target Cut to $22.50 by Analysts at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its price objective reduced by Piper Sandler from $23.00 to $22.50 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday.

First Western Financial Price Performance

MYFW opened at $20.25 on Monday. The firm has a market cap of $195.62 million, a price-to-earnings ratio of 32.66 and a beta of 0.68. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $19.89 and its 200 day moving average price is $19.37. First Western Financial has a 12-month low of $12.84 and a 12-month high of $22.32.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. As a group, sell-side analysts expect that First Western Financial will post 0.93 earnings per share for the current year.

Insider Transactions at First Western Financial

In other 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 transaction of $163,658.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Several large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted 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 worth $451,000 after acquiring an additional 1,592 shares in the last quarter. Barclays PLC boosted its holdings in First Western Financial by 112.5% in the third quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after purchasing an additional 9,309 shares in the last quarter. State Street Corp increased its stake in First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company’s stock valued at $2,245,000 after purchasing an additional 5,611 shares during the last quarter. FMR LLC raised its holdings in First Western Financial by 347.2% during the third quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares in the last quarter. Finally, 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 worth $3,492,000 after buying an additional 2,661 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.