First Western Financial (NASDAQ:MYFW – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.20), Zacks reports. The firm had revenue of $45.03 million for the quarter, compared to analyst estimates of $23.70 million. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. During the same period in the prior year, the business earned $0.25 earnings per share.
First Western Financial Stock Up 0.3 %
Shares of NASDAQ:MYFW traded up $0.06 during mid-day trading on Thursday, hitting $18.46. 2,691 shares of the company traded hands, compared to its average volume of 25,852. The firm has a market cap of $177.60 million, a P/E ratio of 23.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. First Western Financial has a 52-week low of $12.84 and a 52-week high of $22.00. The firm’s 50 day simple moving average is $17.58 and its 200 day simple moving average is $16.28.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods lowered their price objective on First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday.
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.
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