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

Wasatch Advisors LP raised its stake in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 22.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,009 shares of the company's stock after buying an additional 82,019 shares during the quarter. Wasatch Advisors LP owned about 4.62% of First Western Financial worth $8,920,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of First Western Financial by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company's stock worth $5,385,000 after purchasing an additional 4,415 shares during the period. Strategic Value Bank Partners LLC boosted its position in shares of First Western Financial by 12.9% during the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company's stock worth $4,237,000 after buying an additional 28,563 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of First Western Financial by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company's stock valued at $2,713,000 after buying an additional 11,120 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of First Western Financial in the 2nd quarter valued at $210,000. Finally, ELCO Management Co. LLC acquired a new position in First Western Financial during the 2nd quarter worth about $194,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler lifted their target price on First Western Financial from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods dropped their price objective on shares of First Western Financial from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Finally, Hovde Group increased their target price on shares of First Western Financial from $21.00 to $23.50 and gave the stock an "outperform" rating in a report on Wednesday, August 28th.

Insider Activity

In other news, Director David R. Duncan sold 5,500 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the transaction, the director now directly owns 17,520 shares of the company's stock, valued at approximately $342,165.60. This represents a 23.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.90% of the company's stock.

First Western Financial Stock Up 1.1 %

NASDAQ MYFW traded up $0.25 during trading hours on Friday, hitting $22.21. 6,274 shares of the company were exchanged, compared to its average volume of 40,119. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm has a market cap of $214.64 million, a price-to-earnings ratio of 35.82 and a beta of 0.62. The company has a 50 day moving average of $20.36 and a two-hundred day moving average of $18.68. First Western Financial, Inc. has a 52-week low of $12.84 and a 52-week high of $22.31.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.08). First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. The firm had revenue of $45.06 million for the quarter, compared to analysts' expectations of $24.10 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Equities research analysts anticipate that First Western Financial, Inc. will post 0.96 earnings per share for the current year.

About First Western Financial

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.