First Western Financial (NASDAQ:MYFW) CEO Scott Wylie Sells 10,000 Shares

First Western Financial, Inc. (NASDAQ:MYFW) CEO Scott Wylie sold 10,000 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the transaction, the chief executive officer owned 740,312 shares of the company’s stock, valued at approximately $22,616,531.60. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

First Western Financial Stock Up 1.9%

Shares of First Western Financial stock opened at $31.02 on Thursday. The firm has a market cap of $303.07 million, a PE ratio of 16.68 and a beta of 0.71. The business’s 50 day simple moving average is $31.95 and its 200 day simple moving average is $28.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. First Western Financial, Inc. has a 52-week low of $21.31 and a 52-week high of $34.36.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $28.14 million during the quarter, compared to the consensus estimate of $28.57 million. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%. On average, analysts predict that First Western Financial, Inc. will post 2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MYFW has been the subject of a number of analyst reports. Zacks Research downgraded shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods raised their price objective on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Piper Sandler lifted their target price on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, First Western Financial presently has an average rating of “Hold” and an average target price of $32.00.

Institutional Trading of First Western Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of First Western Financial in the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets lifted its stake in First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after purchasing an additional 441 shares during the last quarter. Focus Partners Wealth bought a new position in First Western Financial during the third quarter worth about $49,000. Public Employees Retirement System of Ohio bought a new position in First Western Financial during the second quarter worth about $83,000. Finally, California State Teachers Retirement System increased its position in First Western Financial by 731.5% during the second quarter. California State Teachers Retirement System now owns 3,725 shares of the company’s stock worth $116,000 after buying an additional 3,277 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

About First Western Financial

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.