6 days Ago By ABMN Staff
First Western Financial ( NASDAQ:MYFW – Free Report ) had its price objective lifted by Piper Sandler from $21.50 to $22.50 in a report published on Monday, Benzinga reports.
Piper Sandler currently has a neutral rating on the stock. Several other equities research analysts have also issued reports on MYFW. Hovde Group raised their price target on shares of First Western Financial from $23.
00 to $24.50 and gave the stock an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods raised their price target on shares of First Western Financial from $24.
00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday. Get Our Latest Stock Analysis on First Western Financial First Western Financial Price Performance First Western Financial ( NASDAQ:MYFW – Get Free Report ) last posted its quarterly earnings data on Thursday, April 24th.
The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.23 by $0.
20. The firm had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.
10 million. First Western Financial had a net margin of 4.70% and a return on equity of 3.
43%. As a group, research analysts anticipate that First Western Financial will post 1.5 earnings per share for the current fiscal year.
Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of the business. Sippican Capital Advisors grew its stake in First Western Financial by 61.9% in the 1st quarter.
Sippican Capital Advisors now owns 40,070 shares of the company’s stock valued at $787,000 after buying an additional 15,325 shares in the last quarter. Jacobs Asset Management LLC boosted its holdings in First Western Financial by 50.0% in the 4th quarter.
Jacobs Asset Management LLC now owns 312,124 shares of the company’s stock valued at $6,102,000 after purchasing an additional 104,010 shares during the period. Bridgeway Capital Management LLC boosted its holdings in First Western Financial by 42.2% in the 4th quarter.
Bridgeway Capital Management LLC now owns 66,690 shares of the company’s stock valued at $1,304,000 after purchasing an additional 19,775 shares during the period. Citadel Advisors LLC boosted its holdings in First Western Financial by 10.7% in the 4th quarter.
Citadel Advisors LLC now owns 17,296 shares of the company’s stock valued at $338,000 after purchasing an additional 1,678 shares during the period. Finally, Bank of America Corp DE boosted its holdings in First Western Financial by 40.7% in the 4th quarter.
Bank of America Corp DE now owns 15,159 shares of the company’s stock valued at $296,000 after purchasing an additional 4,383 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.
About First Western Financial ( Get Free Report ) 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.
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