Short Interest in First Western Financial, Inc. (NASDAQ:MYFW) Decreases By 35.1%

First Western Financial, Inc. (NASDAQ:MYFW - Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 42,900 shares, a drop of 35.1% from the November 30th total of 66,100 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MYFW shares. Piper Sandler lifted their target price on First Western Financial from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on First Western Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.

First Western Financial Stock Down 3.1 %

First Western Financial stock traded down $0.60 during mid-day trading on Friday, hitting $19.03. 13,163 shares of the company's stock were exchanged, compared to its average volume of 25,095. First Western Financial has a 1-year low of $12.84 and a 1-year high of $22.32. The stock has a 50 day moving average of $20.52 and a two-hundred day moving average of $19.12. 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 stock has a market cap of $183.91 million, a P/E ratio of 30.69 and a beta of 0.65.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The company had revenue of $45.06 million for the quarter, compared to analyst estimates of $24.10 million. During the same period in the prior year, the company posted $0.32 EPS. As a group, analysts anticipate that First Western Financial will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David R. Duncan sold 8,600 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 8,760 shares in the company, valued at $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP increased its position in First Western Financial by 22.5% in the 3rd quarter. Wasatch Advisors LP now owns 446,009 shares of the company's stock worth $8,920,000 after buying an additional 82,019 shares during the period. Jacobs Asset Management LLC increased its position in First Western Financial by 31.4% during the third quarter. Jacobs Asset Management LLC now owns 208,114 shares of the company's stock worth $4,162,000 after acquiring an additional 49,679 shares during the period. Mendon Capital Advisors Corp raised its stake in First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company's stock valued at $1,214,000 after purchasing an additional 40,138 shares during the last quarter. Strategic Value Bank Partners LLC raised its stake in First Western Financial by 12.9% during the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company's stock valued at $4,237,000 after purchasing an additional 28,563 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its holdings in First Western Financial by 25.1% in the 3rd quarter. Curi RMB Capital LLC now owns 89,374 shares of the company's stock valued at $1,787,000 after purchasing an additional 17,959 shares during the period. Institutional investors own 60.26% of the company's stock.

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.