First Western Financial, Inc. (NASDAQ:MYFW) Shares Acquired by First Western Trust Bank

First Western Trust Bank lifted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,157 shares of the company’s stock after acquiring an additional 6,963 shares during the period. First Western Trust Bank owned 1.24% of First Western Financial worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock valued at $437,000 after buying an additional 1,072 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of First Western Financial by 67.5% in the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after acquiring an additional 1,599 shares during the period. Vanguard Group Inc. raised its holdings in shares of First Western Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after purchasing an additional 4,415 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock valued at $2,713,000 after purchasing an additional 11,120 shares during the period. Finally, ELCO Management Co. LLC purchased a new stake in First Western Financial in the second quarter valued at $194,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on First Western Financial from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Hovde Group lifted their price target on First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler boosted their price target on First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

First Western Financial Stock Performance

MYFW opened at $20.44 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $19.97 and its 200 day moving average price is $18.41. First Western Financial, Inc. has a twelve month low of $12.84 and a twelve month high of $21.87. The firm has a market capitalization of $197.45 million, a PE ratio of 32.97 and a beta of 0.62.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The company had revenue of $45.06 million during the quarter, compared to analysts’ expectations of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. During the same quarter last year, the company earned $0.32 earnings per share. As a group, sell-side analysts expect that First Western Financial, Inc. will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the transaction, the director now directly owns 17,520 shares in the company, valued at $342,165.60. The trade was a 23.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.90% of the company’s stock.

First Western Financial Company Profile

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.