First Western Financial (NASDAQ:MYFW) Upgraded by Wall Street Zen to Hold Rating

First Western Financial (NASDAQ:MYFW) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also recently commented on MYFW. Piper Sandler upped their price target on shares of First Western Financial from $21.50 to $22.50 and gave the stock a “neutral” rating in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their target price on shares of First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Finally, Hovde Group increased their target price on shares of First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.33.

First Western Financial Trading Up 6.4%

NASDAQ MYFW opened at $22.99 on Friday. The company’s 50-day moving average price is $22.49 and its 200-day moving average price is $20.97. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.80. The stock has a market cap of $223.42 million, a PE ratio of 19.32 and a beta of 0.82. First Western Financial has a 12 month low of $17.10 and a 12 month high of $24.88.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The company had revenue of $22.42 million during the quarter, compared to the consensus estimate of $25.28 million. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. Equities research analysts forecast that First Western Financial will post 1.5 earnings per share for the current year.

Institutional Trading of First Western Financial

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of First Western Financial by 244.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock valued at $25,000 after buying an additional 894 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of First Western Financial by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock valued at $115,000 after buying an additional 1,110 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of First Western Financial during the second quarter valued at about $219,000. Jane Street Group LLC purchased a new stake in shares of First Western Financial during the second quarter valued at about $245,000. Finally, Hsbc Holdings PLC lifted its position in shares of First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock valued at $285,000 after buying an additional 696 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.