Banc Funds Co. LLC Sells 86,143 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Banc Funds Co. LLC reduced its position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 636,177 shares of the company's stock after selling 86,143 shares during the period. First Western Financial accounts for approximately 1.4% of Banc Funds Co. LLC's portfolio, making the stock its 24th largest position. Banc Funds Co. LLC owned 6.59% of First Western Financial worth $12,437,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. FMR LLC grew its position in shares of First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company's stock worth $62,000 after buying an additional 2,420 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Western Financial by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock worth $115,000 after acquiring an additional 1,110 shares during the period. Rhumbline Advisers lifted its stake in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after acquiring an additional 1,090 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after acquiring an additional 10,113 shares in the last quarter. Finally, Barclays PLC increased its position in First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock valued at $353,000 after purchasing an additional 9,309 shares during the period. 60.26% of the stock is owned by institutional investors.

First Western Financial Price Performance

MYFW opened at $18.17 on Thursday. 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 company has a market cap of $176.32 million, a price-to-earnings ratio of 20.89 and a beta of 0.65. The stock has a fifty day simple moving average of $19.43 and a two-hundred day simple moving average of $19.87. First Western Financial, Inc. has a 12-month low of $13.46 and a 12-month high of $22.32.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Research analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MYFW has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of First Western Financial from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, January 27th. Piper Sandler lowered their price objective on shares of First Western Financial from $23.00 to $22.50 and set a "neutral" rating for the company in a report on Monday, January 27th.

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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