Wasatch Advisors LP Reduces Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Wasatch Advisors LP decreased its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 329,817 shares of the company's stock after selling 116,192 shares during the period. Wasatch Advisors LP owned 3.41% of First Western Financial worth $6,448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MYFW. FMR LLC raised 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 in the last quarter. Wells Fargo & Company MN increased its stake in First Western Financial by 23.2% during the 4th 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 raised its holdings 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. raised its holdings in First Western Financial by 284.0% in the 3rd 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 lifted its position in shares of 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 acquiring an additional 9,309 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

MYFW has been the topic of a number of analyst reports. Piper Sandler reduced their price target on First Western Financial from $23.00 to $22.50 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods decreased 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.

First Western Financial Stock Up 3.2 %

Shares of First Western Financial stock traded up $0.58 during trading hours on Friday, reaching $18.75. The company's stock had a trading volume of 16,836 shares, compared to its average volume of 25,400. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. The stock's fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $19.86. The company has a market capitalization of $181.95 million, a P/E ratio of 21.55 and a beta of 0.65. First Western Financial, Inc. has a one year low of $14.33 and a one year high of $22.32.

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

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.