First Western Trust Bank Raises Stock Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

First Western Trust Bank grew its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,157 shares of the company’s stock after purchasing an additional 6,963 shares during the period. First Western Trust Bank’s holdings in First Western Financial were worth $2,403,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in First Western Financial by 5.2% in the 3rd 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 period. BNP Paribas Financial Markets increased its stake in shares of First Western Financial by 67.5% during the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after buying an additional 1,599 shares during the period. Vanguard Group Inc. raised its holdings in First Western Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after acquiring an additional 4,415 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in First Western Financial by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after acquiring an additional 11,120 shares during the last quarter. Finally, ELCO Management Co. LLC acquired a new position in First Western Financial during the 2nd quarter worth approximately $194,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director David R. Duncan sold 8,600 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of 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 upped their price objective on First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler boosted their target price on First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th.

First Western Financial Price Performance

Shares of MYFW opened at $20.44 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $21.87. The stock has a market cap of $197.45 million, a PE ratio of 32.97 and a beta of 0.62. The firm has a fifty day moving average price of $19.97 and a 200 day moving average price of $18.41.

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

First Western Financial 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.