First Western Financial Inc (MYFW) Receives Consensus Rating of “Hold” from Analysts

Shares of First Western Financial Inc (NASDAQ:MYFW) have received an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. First Western Financial’s rating score has declined by 66.7% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a one year consensus price target of $19.00 for the company, according to Zacks. Zacks has also assigned First Western Financial an industry rank of 189 out of 256 based on the ratings given to its competitors.

MYFW has been the subject of several recent analyst reports. Stephens lowered shares of First Western Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $21.00 to $16.00 in a research note on Monday, October 29th. Zacks Investment Research lowered shares of First Western Financial from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th.

Shares of NASDAQ MYFW traded up $0.14 during trading on Tuesday, hitting $12.29. The stock had a trading volume of 1,401 shares, compared to its average volume of 8,939. First Western Financial has a 12 month low of $10.91 and a 12 month high of $20.95. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, October 25th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). First Western Financial had a return on equity of 3.74% and a net margin of 5.98%. The firm had revenue of $14.43 million during the quarter. Equities research analysts forecast that First Western Financial will post 0.61 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Banc Funds Co. LLC bought a new position in First Western Financial during the third quarter valued at about $4,101,000. Elizabeth Park Capital Advisors Ltd. bought a new position in First Western Financial during the third quarter valued at about $3,371,000. Wasatch Advisors Inc. bought a new position in First Western Financial during the third quarter valued at about $3,290,000. Northpointe Capital LLC bought a new position in First Western Financial during the third quarter valued at about $2,884,000. Finally, Bank of Montreal Can bought a new position in First Western Financial during the third quarter valued at about $341,000. Hedge funds and other institutional investors own 31.28% of the company’s stock.

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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