In a report released today, Brady Gailey from KBW maintained a Buy rating on First Western Financial (MYFW – Research Report), with a price target of $26.00. The company’s shares opened today at $17.61.
Gailey covers the Financial sector, focusing on stocks such as Ameris Bancorp, Bok Financial, and Cullen/Frost Bankers. According to TipRanks, Gailey has an average return of 7.7% and a 60.89% success rate on recommended stocks.
Currently, the analyst consensus on First Western Financial is a Moderate Buy with an average price target of $26.00.
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MYFW market cap is currently $168.9M and has a P/E ratio of 8.63.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MYFW in relation to earlier this year. Most recently, in March 2023, Zimlich Joseph C., a Director at MYFW bought 2,880.00 shares for a total of $57,600.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Western Financial, Inc. operates as 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. The Capital Management segment includes operations relating to its institutional investment management services over proprietary fixed income, high yield and equity strategies, including acting as the advisor of three owned, managed and rated proprietary mutual funds. The Mortgage segment consists of operations relating to the origination and sale of residential mortgage loans. The company was founded by Scott C. Wylie and Warren Joseph Olsen in 2002 and is headquartered in Denver, CO.
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