First Western Financial (NASDAQ:MYFW) Price Target Lowered to $23.00 at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price objective reduced by research analysts at Keefe, Bruyette & Woods from $24.00 to $23.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 26.58% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Hovde Group increased their price target on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Piper Sandler raised their target price on First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW traded down $0.85 during trading on Tuesday, hitting $18.17. 2,061 shares of the stock were exchanged, compared to its average volume of 23,818. The company’s fifty day simple moving average is $19.51 and its 200-day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.13. The company has a market capitalization of $175.52 million, a price-to-earnings ratio of 29.55 and a beta of 0.61. First Western Financial has a 1-year low of $12.84 and a 1-year high of $21.87.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). First Western Financial had a return on equity of 2.45% and a net margin of 3.33%. The business had revenue of $45.06 million for the quarter, compared to analyst estimates of $24.10 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Sell-side analysts expect that First Western Financial will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total transaction of $107,415.00. Following the sale, the director now directly owns 17,520 shares of the company’s stock, valued at approximately $342,165.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Western Financial

A number of institutional investors and hedge funds have recently bought and sold shares of MYFW. Sippican Capital Advisors acquired a new stake in shares of First Western Financial in the third quarter valued at $272,000. Mendon Capital Advisors Corp grew its holdings in First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after acquiring an additional 40,138 shares during the last quarter. ELCO Management Co. LLC bought a new stake in First Western Financial during the 2nd quarter worth about $194,000. Hsbc Holdings PLC acquired a new stake in First Western Financial in the 2nd quarter valued at about $210,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of First Western Financial by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after acquiring an additional 11,120 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.