First Western Financial (NASDAQ:MYFW) Announces Earnings Results, Hits Estimates

First Western Financial (NASDAQ:MYFW) announced its earnings results on Thursday. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28, Zacks reports. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%.

First Western Financial Stock Performance

NASDAQ MYFW traded up $0.02 during midday trading on Thursday, hitting $18.13. The company had a trading volume of 14,013 shares, compared to its average volume of 21,008. The firm has a fifty day simple moving average of $19.96 and a two-hundred day simple moving average of $19.30. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $22.32. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market cap of $175.14 million, a price-to-earnings ratio of 29.24 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MYFW shares. Keefe, Bruyette & Woods lifted their price objective on First Western Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler raised their target price on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Insider Activity

In other 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 transaction 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. This trade represents 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 company insiders.

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.