Mendon Capital Advisors Corp Boosts Stake in First Western Financial, Inc. (NASDAQ:MYFW)

Mendon Capital Advisors Corp boosted its holdings in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 152.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257,598 shares of the company's stock after acquiring an additional 155,432 shares during the quarter. First Western Financial comprises approximately 2.5% of Mendon Capital Advisors Corp's portfolio, making the stock its 13th biggest holding. Mendon Capital Advisors Corp owned about 2.67% of First Western Financial worth $5,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in First Western Financial by 244.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after buying an additional 894 shares in the last quarter. FMR LLC increased 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 valued at $62,000 after purchasing an additional 2,420 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Western Financial by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock worth $115,000 after purchasing an additional 1,110 shares during the last quarter. Rhumbline Advisers boosted its position in First Western Financial by 9.5% during the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after purchasing an additional 1,090 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in First Western Financial by 284.0% in the third 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. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MYFW. Piper Sandler decreased their price objective on shares of 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 reduced their target price on First Western Financial from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Monday, January 27th.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $18.18 on Tuesday. The firm has a market cap of $176.42 million, a PE ratio of 20.90 and a beta of 0.65. 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 1-year low of $14.33 and a 1-year high of $22.32. The firm has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.85.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.28 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%. On average, equities analysts expect that First Western Financial, Inc. will post 1.5 EPS 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.

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