First Western Financial (NASDAQ:MYFW) Price Target Raised to $22.50 at Piper Sandler

First Western Financial (NASDAQ:MYFW) had its price target lifted by analysts at Piper Sandler from $21.50 to $22.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 10.13% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of First Western Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. Hovde Group increased their price target on First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a research note on Monday.

First Western Financial Stock Performance

First Western Financial stock opened at $20.43 on Monday. First Western Financial has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. The company has a market capitalization of $198.25 million, a price-to-earnings ratio of 23.48 and a beta of 0.65. The stock has a fifty day moving average of $19.08 and a two-hundred day moving average of $19.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $24.80 million during the quarter, compared to analysts’ expectations of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. On average, analysts anticipate that First Western Financial will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On First Western Financial

Several institutional investors and hedge funds have recently bought and sold shares of MYFW. Tower Research Capital LLC TRC boosted its holdings in shares of First Western Financial by 244.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock valued at $25,000 after purchasing an additional 894 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of First Western Financial by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock worth $115,000 after buying an additional 1,110 shares during the period. Rhumbline Advisers boosted its holdings in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock valued at $247,000 after acquiring an additional 1,090 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Western Financial by 284.0% during the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock valued at $273,000 after acquiring an additional 10,113 shares during the period. Finally, Hsbc Holdings PLC increased its stake in First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock worth $285,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 60.26% 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.