First Western Financial (MYFW) to Release Earnings on Thursday

First Western Financial (NASDAQ:MYFW – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect First Western Financial to post earnings of $0.60 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW opened at $26.58 on Wednesday. The company’s 50 day simple moving average is $28.29 and its 200 day simple moving average is $27.52. The stock has a market capitalization of $252.30 million, a price-to-earnings ratio of 13.99 and a beta of 0.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.17 and a quick ratio of 1.16. First Western Financial has a 1 year low of $24.07 and a 1 year high of $33.57.

Insiders Place Their Bets

In other First Western Financial news, Director David R. Duncan sold 2,034 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $29.53, for a total transaction of $60,064.02. Following the sale, the director now owns 15,126 shares of the company’s stock, valued at $446,670.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other First Western Financial news, CEO Scott C. Wylie sold 1,611 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $28.95, for a total transaction of $46,638.45. Following the sale, the chief executive officer now owns 760,148 shares of the company’s stock, valued at $22,006,284.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David R. Duncan sold 2,034 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $29.53, for a total transaction of $60,064.02. Following the sale, the director now directly owns 15,126 shares in the company, valued at approximately $446,670.78. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Institutional Trading of First Western Financial

Several institutional investors have recently modified their holdings of MYFW. UBS Group AG grew its stake in shares of First Western Financial by 35.8% in the first quarter. UBS Group AG now owns 1,359 shares of the company’s stock worth $42,000 after purchasing an additional 358 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of First Western Financial in the third quarter worth $49,000. BNP Paribas Arbitrage SA grew its stake in shares of First Western Financial by 4,034.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,067 shares of the company’s stock worth $56,000 after purchasing an additional 2,017 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of First Western Financial by 23.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,547 shares of the company’s stock worth $63,000 after purchasing an additional 480 shares during the last quarter. Finally, American International Group Inc. bought a new stake in shares of First Western Financial in the second quarter worth $100,000. Institutional investors own 51.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MYFW. Hovde Group cut shares of First Western Financial from an “outperform” rating to a “market perform” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, January 4th. Piper Sandler cut shares of First Western Financial from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $30.00 in a research note on Thursday, December 15th.

First Western Financial Company Profile

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First Western Financial, Inc operates as a financial holding company, which engages in the provision of wealth managements services. It operates through the following business segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment consists of operations relating to its fully integrated wealth management business.