Fourthstone LLC Takes $488,000 Position in First Western Financial, Inc. (NASDAQ:MYFW)

Fourthstone LLC acquired a new stake in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,972 shares of the company's stock, valued at approximately $488,000. Fourthstone LLC owned approximately 0.26% of First Western Financial as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of First Western Financial by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company's stock valued at $451,000 after purchasing an additional 1,592 shares in the last quarter. FMR LLC boosted its position in shares of First Western Financial by 347.2% during the third quarter. FMR LLC now owns 3,117 shares of the company's stock valued at $62,000 after buying an additional 2,420 shares during the period. State Street Corp increased its stake in First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company's stock worth $2,245,000 after purchasing an additional 5,611 shares during the period. Barclays PLC lifted 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 valued at $353,000 after buying an additional 9,309 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of First Western Financial by 1.5% during the third quarter. Geode Capital Management LLC now owns 174,570 shares of the company's stock valued at $3,492,000 after acquiring an additional 2,661 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

First Western Financial Stock Up 3.2 %

First Western Financial stock traded up $0.58 during trading hours on Friday, reaching $18.75. The stock had a trading volume of 16,836 shares, compared to its average volume of 25,400. The company has a market cap of $181.95 million, a price-to-earnings ratio of 21.55 and a beta of 0.65. The business's 50 day moving average price is $19.30 and its 200-day moving average price is $19.86. First Western Financial, Inc. has a 52 week low of $14.33 and a 52 week high of $22.32. 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 (NASDAQ:MYFW - Get Free Report) last announced its earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. Sell-side analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

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

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.