Empowered Funds LLC Acquires 1,072 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Empowered Funds LLC grew its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,859 shares of the company’s stock after acquiring an additional 1,072 shares during the period. Empowered Funds LLC’s holdings in First Western Financial were worth $437,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mendon Capital Advisors Corp boosted its holdings in First Western Financial by 128.3% in the second quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after purchasing an additional 40,138 shares in the last quarter. Strategic Value Bank Partners LLC lifted its position in shares of First Western Financial by 12.9% in 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 last quarter. Curi RMB Capital LLC boosted its stake in shares of First Western Financial by 25.1% during the 3rd quarter. Curi RMB Capital LLC now owns 89,374 shares of the company’s stock worth $1,787,000 after acquiring an additional 17,959 shares in the last quarter. Sippican Capital Advisors bought a new position in shares of First Western Financial in the 3rd quarter valued at approximately $272,000. Finally, Hsbc Holdings PLC acquired a new stake in First Western Financial in the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MYFW shares. Piper Sandler increased their price target on First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Hovde Group lifted 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. Finally, Keefe, Bruyette & Woods decreased their price target 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.

Insider Activity at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.53, for a total value of $107,415.00. Following the completion of the sale, the director now owns 17,520 shares in the company, valued at approximately $342,165.60. This trade represents a 23.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.90% of the company’s stock.

First Western Financial Stock Up 2.6 %

MYFW opened at $21.37 on Monday. The stock has a market capitalization of $206.52 million, a price-to-earnings ratio of 34.47 and a beta of 0.62. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $21.87. The business has a 50 day moving average of $20.14 and a 200-day moving average of $18.54. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). The company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. During the same quarter in the previous year, the firm posted $0.32 EPS. As a group, sell-side analysts anticipate that First Western Financial, Inc. will post 0.96 earnings per share 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.