Biltmore Family Office LLC Acquires Shares of 45,316 First Western Financial, Inc. (NASDAQ:MYFW)

Biltmore Family Office LLC acquired a new position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,316 shares of the company's stock, valued at approximately $886,000. Biltmore Family Office LLC owned approximately 0.47% of First Western Financial at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its holdings in First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company's stock worth $62,000 after acquiring an additional 2,420 shares in the last quarter. Rhumbline Advisers lifted its position in First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock valued at $247,000 after acquiring an additional 1,090 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after purchasing an additional 10,113 shares during the last quarter. Barclays PLC increased its holdings in First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock worth $353,000 after purchasing an additional 9,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of First Western Financial by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company's stock worth $451,000 after purchasing an additional 1,592 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Stock Performance

Shares of NASDAQ MYFW traded up $0.13 during mid-day trading on Tuesday, hitting $18.51. The company had a trading volume of 2,601 shares, compared to its average volume of 24,962. The stock's 50-day moving average price is $19.95 and its 200-day moving average price is $19.97. First Western Financial, Inc. has a 1 year low of $13.46 and a 1 year high of $22.32. The company has a market capitalization of $179.57 million, a price-to-earnings ratio of 21.60 and a beta of 0.65. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MYFW. Piper Sandler cut their price target on shares of First Western Financial from $23.00 to $22.50 and set a "neutral" rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods cut their price target on shares of First Western Financial from $25.00 to $24.00 and set an "outperform" rating on the stock 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.