In a report released today, Matthew Clark from Piper Sandler maintained a Hold rating on First Western Financial (MYFW – Research Report), with a price target of $18.00. The company’s shares closed last Friday at $17.00.
Clark covers the Financial sector, focusing on stocks such as Preferred Bank, Cathay General Bancorp, and Cvb Financial. According to TipRanks, Clark has an average return of 7.6% and a 54.36% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Western Financial with a $22.00 average price target.
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Based on First Western Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.87 million and a net profit of $3.12 million. In comparison, last year the company earned a revenue of $29.25 million and had a net profit of $6.22 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MYFW in relation to earlier this year.
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First Western Financial (MYFW) Company Description:
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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