First Western Financial (NASDAQ:MYFW) Rating Increased to Hold at Wall Street Zen

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

First Western Financial Stock Performance

Shares of MYFW stock opened at $23.50 on Friday. The company has a market cap of $228.42 million, a price-to-earnings ratio of 19.75 and a beta of 0.87. First Western Financial has a 52 week low of $17.10 and a 52 week high of $24.88. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $22.79 and a 200-day moving average of $21.21.

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

Insider Activity

In related news, CEO Scott C. Wylie sold 5,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer directly owned 757,164 shares in the company, valued at $17,861,498.76. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Boothbay Fund Management LLC grew its holdings in shares of First Western Financial by 5.5% during the second quarter. Boothbay Fund Management LLC now owns 98,717 shares of the company’s stock valued at $2,227,000 after buying an additional 5,165 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of First Western Financial by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 82,533 shares of the company’s stock valued at $1,862,000 after buying an additional 2,288 shares during the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of First Western Financial by 9.1% during the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company’s stock valued at $6,329,000 after buying an additional 23,317 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Western Financial during the second quarter valued at about $245,000. Finally, Marshall Wace LLP acquired a new position in shares of First Western Financial during the second quarter valued at about $2,194,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About First Western Financial

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.