First Western Financial (NASDAQ:MYFW – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02, MarketWatch Earnings reports. First Western Financial had a net margin of 20.19% and a return on equity of 13.11%. During the same quarter in the prior year, the business earned $0.74 EPS.
Shares of NASDAQ:MYFW traded down $0.18 during trading on Friday, hitting $32.82. 25,573 shares of the company were exchanged, compared to its average volume of 15,892. The stock has a market capitalization of $309.49 million, a P/E ratio of 13.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial has a 12-month low of $24.34 and a 12-month high of $34.20. The firm’s 50 day moving average price is $32.22 and its 200-day moving average price is $31.45.
Separately, Zacks Investment Research downgraded shares of First Western Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th.
In other First Western Financial news, Director Scott C. Mitchell purchased 1,500 shares of First Western Financial stock in a transaction that occurred on Friday, February 18th. The stock was purchased at an average price of $32.98 per share, for a total transaction of $49,470.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 22.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in First Western Financial in the 4th quarter valued at about $461,000. Alliancebernstein L.P. purchased a new position in shares of First Western Financial during the 4th quarter worth about $406,000. Susquehanna International Group LLP lifted its holdings in shares of First Western Financial by 102.2% during the 4th quarter. Susquehanna International Group LLP now owns 20,583 shares of the company’s stock worth $625,000 after acquiring an additional 10,401 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of First Western Financial during the 4th quarter worth about $209,000. Finally, Dimensional Fund Advisors LP raised its holdings in First Western Financial by 18.6% in the third quarter. Dimensional Fund Advisors LP now owns 38,478 shares of the company’s stock valued at $1,115,000 after buying an additional 6,040 shares during the period. 43.28% of the stock is currently owned by institutional investors and hedge funds.
About First Western Financial
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 Mortgage. The Wealth Management segment provides deposit, loan, insurance, and trust and investment management advisory products and services.