First Western Financial (NASDAQ:MYFW – Get Free Report) released its earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08), Zacks reports. The company had revenue of $45.06 million during the quarter, compared to analysts’ expectations of $24.10 million. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. During the same quarter in the previous year, the company earned $0.32 EPS.
First Western Financial Stock Performance
MYFW traded down $1.41 during trading on Friday, hitting $19.12. The stock had a trading volume of 26,835 shares, compared to its average volume of 23,962. The firm has a market cap of $183.95 million, a PE ratio of 24.83 and a beta of 0.61. First Western Financial has a 12 month low of $12.84 and a 12 month high of $21.87. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $19.46 and a 200-day simple moving average of $17.93.
Insider Buying and Selling
In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the sale, the director now directly owns 17,520 shares in the company, valued at $342,165.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.90% of the company’s stock.
Analyst Upgrades and Downgrades
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About First Western Financial
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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