First Western Financial (MYFW) Expected to Announce Quarterly Earnings on Thursday

First Western Financial (NASDAQ:MYFW) is expected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect First Western Financial to post earnings of $0.28 per share and revenue of $24,540.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The business had revenue of $45.06 million for the quarter, compared to analyst estimates of $24.10 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts expect First Western Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Western Financial Trading Up 0.5 %

MYFW opened at $17.68 on Tuesday. The firm has a market capitalization of $170.79 million, a PE ratio of 28.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial has a fifty-two week low of $12.84 and a fifty-two week high of $22.32. The company’s 50-day moving average is $20.05 and its 200 day moving average is $19.30.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler raised their price objective on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Insiders Place Their Bets

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total value of $163,658.00. Following the sale, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.90% of the company’s stock.

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.