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

First Western Financial (NASDAQ:MYFW) is projected to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $24,540.00 billion for the quarter.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The firm had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. During the same period in the previous year, the firm posted $0.32 EPS. 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 Price Performance

First Western Financial stock opened at $17.94 on Thursday. The stock has a market capitalization of $173.37 million, a P/E ratio of 28.94 and a beta of 0.68. First Western Financial has a 12-month low of $12.84 and a 12-month high of $22.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The firm’s 50-day moving average is $20.22 and its two-hundred day moving average is $19.27.

Insider Activity

In other news, Director David R. Duncan sold 8,600 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the sale, the director now directly owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MYFW shares. Keefe, Bruyette & Woods raised their target price on shares of First Western Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their price objective on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

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.