First Western Financial (MYFW) Scheduled to Post Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) is scheduled to be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect First Western Financial to post earnings of $0.30 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Tuesday, July 23rd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). First Western Financial had a net margin of 3.93% and a return on equity of 2.86%. The company had revenue of $45.03 million for the quarter, compared to the consensus estimate of $23.70 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Stock Up 1.2 %

Shares of NASDAQ MYFW opened at $21.21 on Thursday. The stock has a market capitalization of $204.06 million, a P/E ratio of 27.55 and a beta of 0.61. The stock’s fifty day moving average is $18.90 and its 200 day moving average is $17.57. First Western Financial has a 52 week low of $12.84 and a 52 week high of $21.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.13.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Hovde Group upped their price target on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods dropped their price target on First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th.

Insider Activity

In related news, Director David R. Duncan sold 5,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the sale, the director now owns 17,520 shares of the company’s stock, valued at $342,165.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 17.90% 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.