Banc Funds Co. LLC Has $14.45 Million Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Banc Funds Co. LLC decreased its position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 722,320 shares of the company's stock after selling 32,687 shares during the period. First Western Financial makes up 1.6% of Banc Funds Co. LLC's portfolio, making the stock its 21st largest position. Banc Funds Co. LLC owned approximately 7.47% of First Western Financial worth $14,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in First Western Financial by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 21,859 shares of the company's stock worth $437,000 after purchasing an additional 1,072 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in First Western Financial by 7.6% in the 3rd 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 period. FMR LLC boosted its stake in 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 purchasing an additional 2,420 shares during the period. Vanguard Group Inc. boosted its stake in First Western Financial by 1.2% in the 1st 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 period. Finally, First Western Trust Bank boosted its stake in First Western Financial by 6.2% in the 3rd quarter. First Western Trust Bank now owns 120,157 shares of the company's stock worth $2,403,000 after purchasing an additional 6,963 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

First Western Financial Stock Down 0.7 %

NASDAQ:MYFW traded down $0.16 on Monday, hitting $22.05. 7,195 shares of the company's stock were exchanged, compared to its average volume of 25,422. The firm has a 50-day moving average price of $20.36 and a 200-day moving average price of $18.68. 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 52 week low of $12.84 and a 52 week high of $22.32. The company has a market cap of $213.09 million, a P/E ratio of 35.82 and a beta of 0.62.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its 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 firm had revenue of $45.06 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.32 earnings per share. As a group, analysts expect that First Western Financial, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of First Western Financial from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods cut their price target on shares of First Western Financial from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. Finally, Hovde Group boosted their price target on shares of First Western Financial from $21.00 to $23.50 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th.

Insider Activity

In other news, Director David R. Duncan sold 5,500 shares of the company'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 sale, the director now directly owns 17,520 shares of the company's stock, valued at approximately $342,165.60. This represents a 23.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by insiders.

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.