Brokerages Set $17.00 Target Price for First Western Financial Inc (NASDAQ:MYFW)

Shares of First Western Financial Inc (NASDAQ:MYFW) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a 1 year consensus price objective of $17.00 for the company, according to Zacks. Zacks has also given First Western Financial an industry rank of 99 out of 255 based on the ratings given to its competitors.

MYFW has been the topic of a number of research reports. ValuEngine cut First Western Financial from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Stephens reaffirmed a “hold” rating and set a $17.00 price objective on shares of First Western Financial in a research report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of First Western Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 16th.

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in First Western Financial by 15.6% in the third quarter. Millennium Management LLC now owns 25,287 shares of the company’s stock worth $432,000 after acquiring an additional 3,403 shares during the last quarter. Vanguard Group Inc. boosted its stake in First Western Financial by 26.8% in the 2nd quarter. Vanguard Group Inc. now owns 88,009 shares of the company’s stock valued at $1,167,000 after buying an additional 18,600 shares in the last quarter. RMB Capital Management LLC grew its position in First Western Financial by 1.6% in the second quarter. RMB Capital Management LLC now owns 733,674 shares of the company’s stock valued at $9,729,000 after acquiring an additional 11,241 shares during the period. Obermeyer Wood Investment Counsel Lllp acquired a new position in First Western Financial during the second quarter worth $862,000. Finally, Banc Funds Co. LLC lifted its holdings in shares of First Western Financial by 4.0% during the second quarter. Banc Funds Co. LLC now owns 581,007 shares of the company’s stock valued at $7,704,000 after acquiring an additional 22,100 shares during the period. 40.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Western Financial stock opened at $17.13 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 1.03. The business’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $14.67. First Western Financial has a 52-week low of $10.91 and a 52-week high of $17.61. The firm has a market cap of $136.48 million, a PE ratio of 16.12 and a beta of 1.55.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $16.73 million for the quarter. First Western Financial had a net margin of 9.58% and a return on equity of 6.89%. As a group, equities research analysts predict that First Western Financial will post 1.2 EPS for the current year.

About First Western Financial

First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.

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