Analysts Set $19.50 Target Price for First Western Financial Inc (MYFW)

Shares of First Western Financial Inc (NASDAQ:MYFW) have received an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Brokerages have set a one year consensus price objective of $19.50 for the company, according to Zacks. Zacks has also assigned First Western Financial an industry rank of 93 out of 255 based on the ratings given to related companies.

A number of equities research analysts have weighed in on MYFW shares. Stephens reaffirmed a “hold” rating and issued a $14.00 target price on shares of First Western Financial in a report on Wednesday, December 19th. Zacks Investment Research downgraded First Western Financial from a “hold” rating to a “sell” rating in a report on Thursday, December 20th.

Shares of MYFW stock traded down $0.06 during trading hours on Monday, reaching $13.18. The company’s stock had a trading volume of 106 shares, compared to its average volume of 5,538. First Western Financial has a fifty-two week low of $10.91 and a fifty-two week high of $20.95. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.18.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, January 24th. The company reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The firm had revenue of $14.25 million for the quarter. First Western Financial had a return on equity of 5.13% and a net margin of 8.55%. As a group, analysts forecast that First Western Financial will post 1.12 earnings per share for the current year.

In other First Western Financial news, CEO Scott C. Wylie sold 15,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.46, for a total value of $201,900.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. boosted its holdings in shares of First Western Financial by 47.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 36,378 shares of the company’s stock valued at $477,000 after acquiring an additional 11,643 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of First Western Financial during the 4th quarter valued at $136,000. RMB Capital Management LLC lifted its holdings in First Western Financial by 40.0% during the 4th quarter. RMB Capital Management LLC now owns 617,665 shares of the company’s stock worth $7,233,000 after buying an additional 176,469 shares during the period. Mendon Capital Advisors Corp lifted its holdings in First Western Financial by 13.8% during the 4th quarter. Mendon Capital Advisors Corp now owns 23,203 shares of the company’s stock worth $272,000 after buying an additional 2,822 shares during the period. Finally, Northern Trust Corp acquired a new position in First Western Financial during the 4th quarter worth about $433,000. 31.84% of the stock is currently owned by institutional investors.

About First Western Financial

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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