First Western Financial (NASDAQ:MYFW) Issues Quarterly Earnings Results

First Western Financial (NASDAQ:MYFWGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, meeting 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 Trading Up 0.1 %

First Western Financial stock traded up $0.02 during trading hours on Thursday, reaching $18.13. 14,013 shares of the company’s stock were exchanged, compared to its average volume of 21,080. The firm has a market capitalization of $175.14 million, a PE ratio of 29.24 and a beta of 0.68. 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 firm’s 50 day simple moving average is $19.96 and its 200 day simple moving average is $19.30. First Western Financial has a twelve month low of $12.84 and a twelve month high of $22.32.

Analyst Upgrades and Downgrades

MYFW has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price 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. 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 research report on Tuesday, December 10th.

Read Our Latest Stock Report on First Western Financial

Insider Activity at First Western Financial

In other news, Director David R. Duncan sold 8,600 shares of the firm’s stock in a transaction that occurred 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 owns 8,760 shares of the company’s stock, valued at $166,702.80. This trade represents a 49.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 17.90% of the stock is owned by corporate insiders.

About First Western Financial

(Get Free Report)

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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Earnings History for First Western Financial (NASDAQ:MYFW)

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