Keefe, Bruyette & Woods Boosts First Western Financial (NASDAQ:MYFW) Price Target to $25.00

First Western Financial (NASDAQ:MYFW) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $23.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.37% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Hovde Group increased their price target on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Piper Sandler increased their target price on shares of First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th.

First Western Financial Stock Up 0.8 %

MYFW opened at $21.67 on Wednesday. First Western Financial has a one year low of $12.84 and a one year 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 market capitalization of $209.42 million, a P/E ratio of 34.95 and a beta of 0.65. The business’s 50-day simple moving average is $20.52 and its 200-day simple moving average is $18.77.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). The firm had revenue of $45.06 million for the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. During the same period last year, the firm earned $0.32 EPS. Analysts anticipate that First Western Financial will post 0.96 EPS for the current year.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the transaction, the director now owns 8,760 shares in the company, valued at approximately $166,702.80. This represents a 49.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in First Western Financial by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after purchasing an additional 4,415 shares during the period. Strategic Value Bank Partners LLC boosted its stake in shares of First Western Financial by 12.9% in the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after buying an additional 28,563 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after acquiring an additional 11,120 shares during the period. Hsbc Holdings PLC purchased a new position in First Western Financial in the second quarter worth $210,000. Finally, ELCO Management Co. LLC acquired a new stake in First Western Financial in the second quarter valued at $194,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Company Profile

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.