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

Wasatch Advisors LP increased its stake in First Western Financial, Inc. (NASDAQ:MYFW) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,818 shares of the company’s stock after buying an additional 28,962 shares during the period. Wasatch Advisors LP owned 3.32% of First Western Financial worth $6,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strs Ohio bought a new position in shares of First Western Financial in the 4th quarter worth approximately $239,000. Kennedy Capital Management LLC raised its holdings in First Western Financial by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 311,579 shares of the company’s stock worth $5,655,000 after purchasing an additional 10,929 shares in the last quarter. Finally, North Reef Capital Management LP raised its holdings in First Western Financial by 2.5% in the third quarter. North Reef Capital Management LP now owns 464,305 shares of the company’s stock worth $8,427,000 after purchasing an additional 11,119 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Price Performance

Shares of NASDAQ MYFW opened at $16.90 on Wednesday. The company has a 50 day simple moving average of $16.35 and a two-hundred day simple moving average of $16.48. First Western Financial, Inc. has a fifty-two week low of $12.84 and a fifty-two week high of $22.00. The company has a market capitalization of $162.58 million, a price-to-earnings ratio of 21.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $23.35 million for the quarter, compared to the consensus estimate of $22.70 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.28%. Analysts expect that First Western Financial, Inc. will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Hovde Group raised shares of First Western Financial from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $20.50 to $19.00 in a research report on Wednesday, February 28th.

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.