Raymond James Financial Inc. Buys New Stake in First Western Financial, Inc. (NASDAQ:MYFW)

Raymond James Financial Inc. acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $489,000. Raymond James Financial Inc. owned about 0.26% of First Western Financial as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in First Western Financial by 347.2% during the third 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. Rhumbline Advisers raised its stake in shares of First Western Financial by 9.5% during the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after buying an additional 1,090 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 10,113 shares during the period. Barclays PLC boosted its stake in shares of First Western Financial by 112.5% in the third 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, Empowered Funds LLC grew its holdings in First Western Financial by 4.9% during the fourth quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock worth $448,000 after acquiring an additional 1,080 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

First Western Financial Price Performance

NASDAQ MYFW traded up $0.32 during mid-day trading on Friday, hitting $17.93. The stock had a trading volume of 10,608 shares, compared to its average volume of 25,293. The company has a 50 day simple moving average of $19.63 and a 200 day simple moving average of $19.91. The company has a market cap of $173.99 million, a price-to-earnings ratio of 20.61 and a beta of 0.65. First Western Financial, Inc. has a 52-week low of $13.46 and a 52-week high of $22.32. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. Equities analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on MYFW shares. Piper Sandler reduced their target price on First Western Financial from $23.00 to $22.50 and set a "neutral" rating for the company in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced 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.

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.