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
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
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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