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

First Western Financial (NASDAQ:MYFW) 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.

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

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.