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

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

First Western Financial Stock Performance

Shares of First Western Financial stock opened at $18.13 on Friday. The company has a market capitalization of $175.14 million, a PE ratio of 29.24 and a beta of 0.68. First Western Financial has a 12 month low of $12.84 and a 12 month high of $22.32. 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 fifty day simple moving average is $19.96 and its 200 day simple moving average is $19.30.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director David R. Duncan sold 8,600 shares of the firm’s stock in a transaction 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 filing with the SEC, which can be accessed through this link. 17.90% of the stock is currently owned by company 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.