First Western Financial (NASDAQ:MYFW) Given New $22.50 Price Target at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its target price trimmed by Piper Sandler from $23.00 to $22.50 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday.

First Western Financial Stock Performance

Shares of First Western Financial stock opened at $20.99 on Monday. The business has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $19.40. 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 current ratio of 1.07 and a quick ratio of 1.06. The firm has a market capitalization of $202.76 million, a price-to-earnings ratio of 33.86 and a beta of 0.68.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. On average, research analysts anticipate that First Western Financial will post 0.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

A number of hedge funds have recently bought and sold shares of MYFW. FMR LLC raised its holdings in shares of First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after purchasing an additional 2,420 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in First Western Financial in the 2nd quarter valued at about $210,000. Sippican Capital Advisors bought a new position in shares of First Western Financial during the 3rd quarter worth approximately $272,000. JPMorgan Chase & Co. boosted its stake in shares of First Western Financial by 284.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after buying an additional 10,113 shares during the last quarter. Finally, Barclays PLC increased its position in shares of First Western Financial by 112.5% during the third quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after acquiring an additional 9,309 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.