First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 1,083 Shares

by · The Cerbat Gem

First Western Financial, Inc. (NASDAQ:MYFW – Get Free Report) CEO Scott Wylie sold 1,083 shares of First Western Financial stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the sale, the chief executive officer owned 756,729 shares of the company’s stock, valued at approximately $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

First Western Financial Price Performance

First Western Financial stock traded up $0.06 during mid-day trading on Friday, hitting $28.41. 52,805 shares of the company traded hands, compared to its average volume of 27,668. First Western Financial, Inc. has a one year low of $20.11 and a one year high of $30.00. The stock has a market cap of $276.43 million, a price-to-earnings ratio of 18.33 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a fifty day moving average price of $26.44 and a 200-day moving average price of $25.60.

First Western Financial (NASDAQ:MYFW – Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.19. First Western Financial had a net margin of 8.02% and a return on equity of 5.74%. The business had revenue of $27.58 million during the quarter, compared to analyst estimates of $27.30 million. On average, equities analysts predict that First Western Financial, Inc. will post 2.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Western Financial

Hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its holdings in shares of First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after acquiring an additional 441 shares during the last quarter. Focus Partners Wealth bought a new stake in First Western Financial during the 3rd quarter valued at $49,000. JPMorgan Chase & Co. raised its holdings in First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after buying an additional 1,555 shares during the last quarter. Finally, R Squared Ltd bought a new stake in First Western Financial during the 4th quarter valued at $208,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Piper Sandler boosted their price objective on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, First Western Financial has a consensus rating of “Buy” and a consensus target price of $27.00.

View Our Latest Stock Analysis on MYFW

About First Western Financial

(Get Free Report)

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.

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