First Western Financial (NASDAQ:MYFW) Given New $24.00 Price Target at Keefe, Bruyette & Woods

First Western Financial (NASDAQ:MYFW) had its price target lowered by Keefe, Bruyette & Woods from $25.00 to $24.00 in a research note published on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Piper Sandler upped their price target on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

First Western Financial Trading Up 1.0 %

Shares of First Western Financial stock opened at $20.25 on Monday. The firm has a market capitalization of $195.62 million, a price-to-earnings ratio of 32.66 and a beta of 0.68. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a 50 day moving average of $19.89 and a 200 day moving average of $19.37.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. As a group, research analysts predict that First Western Financial will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David R. Duncan sold 8,600 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total value of $163,658.00. Following the sale, the director now directly owns 8,760 shares in the company, valued at approximately $166,702.80. This trade represents a 49.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.90% of the stock is owned by insiders.

Institutional Trading of First Western Financial

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in shares of First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after acquiring an additional 2,420 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of First Western Financial in the second quarter valued at $210,000. Sippican Capital Advisors acquired a new stake in shares of First Western Financial in the third quarter valued at $272,000. JPMorgan Chase & Co. raised its stake in shares of First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock valued at $273,000 after acquiring an additional 10,113 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of First Western Financial by 112.5% in the third quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after acquiring an additional 9,309 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.