First Western Financial (NASDAQ:MYFW – Get Rating) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $36.00 to $32.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 18.52% from the stock's current price.
A number of other equities research analysts have also issued reports on the company. Hovde Group lowered First Western Financial from an "outperform" rating to a "market perform" rating and set a $30.00 price target for the company. in a research note on Wednesday, January 4th. Piper Sandler lowered First Western Financial from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $32.00 to $30.00 in a research note on Thursday, December 15th.
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First Western Financial Trading Up 2.9 %
Shares of MYFW stock opened at $27.00 on Tuesday. First Western Financial has a 52-week low of $24.07 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.17. The firm has a market capitalization of $256.28 million, a PE ratio of 12.11 and a beta of 0.76. The stock has a fifty day simple moving average of $28.00 and a two-hundred day simple moving average of $27.47.
Insider Buying and Selling at First Western Financial
In other First Western Financial news, Director David R. Duncan sold 2,034 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $29.53, for a total transaction of $60,064.02. Following the completion of the transaction, the director now owns 15,126 shares of the company's stock, valued at approximately $446,670.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
the SEC website. In related news, CEO Scott C. Wylie sold 1,611 shares of the stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $28.95, for a total value of $46,638.45. Following the completion of the transaction, the chief executive officer now owns 760,148 shares of the company's stock, valued at approximately $22,006,284.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through
this hyperlink. Also, Director David R. Duncan sold 2,034 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $29.53, for a total transaction of $60,064.02. Following the completion of the transaction, the director now directly owns 15,126 shares of the company's stock, valued at approximately $446,670.78. The disclosure for this sale can be found
here. Insiders own 18.20% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MYFW. UBS Group AG lifted its stake in First Western Financial by 35.8% in the first quarter. UBS Group AG now owns 1,359 shares of the company's stock worth $42,000 after purchasing an additional 358 shares during the last quarter. Renaissance Technologies LLC lifted its stake in First Western Financial by 1.9% in the third quarter. Renaissance Technologies LLC now owns 21,000 shares of the company's stock worth $518,000 after purchasing an additional 400 shares during the last quarter. Royal Bank of Canada lifted its stake in First Western Financial by 9.1% in the third quarter. Royal Bank of Canada now owns 5,396 shares of the company's stock worth $133,000 after purchasing an additional 452 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its stake in First Western Financial by 23.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,547 shares of the company's stock worth $63,000 after purchasing an additional 480 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in First Western Financial by 2.1% in the first quarter. BlackRock Inc. now owns 29,533 shares of the company's stock worth $924,000 after purchasing an additional 601 shares during the last quarter. Institutional investors own 51.34% of the company's stock.
About First Western Financial
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First Western Financial, Inc operates as a financial holding company, which engages in the provision of wealth managements services. It operates through the following business segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment consists of operations relating to its fully integrated wealth management business.
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