First Western Financial (NASDAQ:MYFW) Issues Quarterly Earnings Results

First Western Financial (NASDAQ:MYFW) issued its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.20), Zacks reports. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. The company had revenue of $45.03 million during the quarter, compared to analyst estimates of $23.70 million. During the same period in the prior year, the business earned $0.25 earnings per share.

First Western Financial Trading Up 1.6 %

Shares of NASDAQ:MYFW traded up $0.29 during midday trading on Thursday, reaching $18.69. The company had a trading volume of 10,561 shares, compared to its average volume of 25,907. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. First Western Financial has a 1-year low of $12.84 and a 1-year high of $22.00. The firm has a market cap of $179.82 million, a price-to-earnings ratio of 23.77 and a beta of 0.61. The company has a fifty day simple moving average of $17.58 and a two-hundred day simple moving average of $16.28.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday.

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.