Keefe, Bruyette & Woods Issues Pessimistic Forecast for First Western Financial (NASDAQ:MYFW) Stock Price

First Western Financial (NASDAQ:MYFW) had its target price reduced by research analysts at Keefe, Bruyette & Woods from $24.00 to $23.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 20.42% from the company’s current price.

Several other research analysts have also issued reports on MYFW. Piper Sandler raised their target price on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday. Hovde Group raised their target price 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.

First Western Financial Stock Up 2.4 %

Shares of NASDAQ:MYFW opened at $19.10 on Tuesday. First Western Financial has a 12 month low of $12.84 and a 12 month high of $21.87. The company’s 50-day moving average price is $19.54 and its two-hundred day moving average price is $18.01. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. The firm has a market cap of $184.51 million, a P/E ratio of 30.81 and a beta of 0.61.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.22 EPS 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 company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. During the same period in the prior year, the company earned $0.32 EPS. As a group, research analysts forecast that First Western Financial will post 1 EPS for the current fiscal year.

Insider Activity at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of First Western Financial stock in a transaction on Monday, September 16th. The shares were sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Western Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its holdings in shares of First Western Financial by 14.5% during the first quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock worth $5,307,000 after buying an additional 46,172 shares in the last quarter. Mendon Capital Advisors Corp lifted its holdings in shares of First Western Financial by 128.3% during the second quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after buying an additional 40,138 shares in the last quarter. Strategic Value Bank Partners LLC lifted its holdings in shares of First Western Financial by 12.9% during the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after buying an additional 28,563 shares in the last quarter. Sippican Capital Advisors acquired a new stake in shares of First Western Financial during the third quarter worth $272,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of First Western Financial during the second quarter worth $210,000. 60.26% of the stock is owned by institutional investors.

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.