First Western Financial (MYFW) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of First Western Financial (NASDAQ:MYFW) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “First Western Financial Inc. operates as a bank holding company. It provides wealth management services which include deposit, loans, trust, wealth planning and investment management products and services through its subsidiaries. First Western Financial Inc. is based in Denver, United States. “

Separately, Stephens reissued a hold rating on shares of First Western Financial in a research note on Thursday, January 31st.

Shares of MYFW stock opened at $13.10 on Tuesday. First Western Financial has a 12 month low of $10.91 and a 12 month high of $20.95. The stock has a market cap of $105.23 million and a PE ratio of 18.83. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. First Western Financial had a return on equity of 5.34% and a net margin of 8.99%. The firm had revenue of $14.95 million for the quarter. Equities analysts predict that First Western Financial will post 1.12 EPS for the current year.

In other news, CEO Scott C. Wylie sold 15,000 shares of First Western Financial stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $13.46, for a total transaction of $201,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 24.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in MYFW. Banc Funds Co. LLC boosted its stake in shares of First Western Financial by 106.4% during the fourth quarter. Banc Funds Co. LLC now owns 484,096 shares of the company’s stock valued at $5,388,000 after purchasing an additional 249,596 shares in the last quarter. RMB Capital Management LLC lifted its stake in shares of First Western Financial by 40.0% in the fourth quarter. RMB Capital Management LLC now owns 617,665 shares of the company’s stock worth $7,233,000 after acquiring an additional 176,469 shares during the period. M3F Inc. acquired a new position in shares of First Western Financial in the first quarter worth approximately $1,257,000. Elizabeth Park Capital Advisors Ltd. lifted its stake in shares of First Western Financial by 17.4% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 466,083 shares of the company’s stock worth $6,110,000 after acquiring an additional 69,190 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of First Western Financial by 21.8% in the first quarter. Kennedy Capital Management Inc. now owns 225,167 shares of the company’s stock worth $2,952,000 after acquiring an additional 40,240 shares during the period. 33.23% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.

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