Insider Selling: CEO of First Western Financial, Inc. (NASDAQ: MYFW) Sells 1,953 Shares

First Western Financial, Inc. (NASDAQ: MYFW – Get a rating) CEO Scott C.Wylie sold 1,953 shares of First Western Financial in a trade dated Friday, September 9. The stock was sold at an average price of $26.68, for a total value of $52,106.04. As a result of the sale, the CEO now directly owns 768,859 shares of the company, valued at approximately $20,513,158.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

First Western Financial Trading up 1.1%

Shares of MYFW rose $0.29 during Friday trading hours, hitting $26.50. The company had a trading volume of 11,852 shares, compared to an average volume of 31,209. The company has a market capitalization of $251.43 million, a P/E ratio of 12.85 and a beta of 0.70. . The stock’s 50-day moving average price is $27.76 and its 200-day moving average price is $30.22. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt ratio of 0.53. First Western Financial, Inc. has a 52-week low of $25.83 and a 52-week high of $34.20.

First Western Financial (NASDAQ: MYFW – Get a rating) last released its quarterly earnings data on Thursday, July 28. The company reported EPS of $0.49 for the quarter, missing the consensus estimate of $0.62 per ($0.13). The company posted revenue of $27.08 million in the quarter, compared to analysts’ expectations of $27.90 million. First Western Financial had a return on equity of 10.46% and a net margin of 16.86%. On average, research analysts predict that First Western Financial, Inc. will post an EPS of 2.34 for the current year.

Institutional entries and exits

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Large investors have recently changed their stock holdings. UBS Group AG increased its equity stake in First Western Financial by 35.8% in the first quarter. UBS Group AG now owns 1,359 shares of the company worth $42,000 after purchasing an additional 358 shares during the period. BNP Paribas Arbitrage SA increased its stake in First Western Financial by 4,034.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,067 shares of the company valued at $56,000 after purchasing an additional 2,017 shares during the period. American International Group Inc. bought a new position in First Western Financial during Q2, valued at around $100,000. Advisor Group Holdings Inc. bought a new position in First Western Financial during Q1 worth approximately $127,000. Finally, JPMorgan Chase & Co. increased its stake in First Western Financial by 2,408.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,242 shares of the company valued at $164,000 after purchasing an additional 5,033 shares during the period. Hedge funds and other institutional investors own 50.98% of the company’s shares.

Wall Street analysts predict growth

Separately, Piper Sandler cut her price target on First Western Financial to $36.00 in a Monday, July 4 report.

First Western Financial Company Profile

(Get a rating)

First Western Financial, Inc., a financial holding company, provides wealth management, private banking, personal trust, investment management, mortgage lending and institutional asset management services. The Company operates through two segments: Wealth Management and Mortgages. The Wealth Management segment provides deposit, loan, insurance, trust and investment management advisory products and services.

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Insider buying and selling by quarter for First Western Financial (NASDAQ:MYFW)

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