Charles Schwab Investment Management Inc. Purchases 1,592 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Charles Schwab Investment Management Inc. lifted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 7.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,554 shares of the company’s stock after purchasing an additional 1,592 shares during the period. Charles Schwab Investment Management Inc.’s holdings in First Western Financial were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Strategic Value Bank Partners LLC lifted its position in First Western Financial by 12.9% during the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after acquiring an additional 28,563 shares during the last quarter. Dimensional Fund Advisors LP increased 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 worth $2,713,000 after purchasing an additional 11,120 shares during the period. First Western Trust Bank lifted its position in shares of First Western Financial by 6.2% during the 3rd quarter. First Western Trust Bank now owns 120,157 shares of the company’s stock worth $2,403,000 after purchasing an additional 6,963 shares during the last quarter. Curi RMB Capital LLC boosted its stake in First Western Financial by 25.1% during the 3rd quarter. Curi RMB Capital LLC now owns 89,374 shares of the company’s stock valued at $1,787,000 after purchasing an additional 17,959 shares during the period. Finally, Mendon Capital Advisors Corp grew its holdings in First Western Financial by 128.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after buying an additional 40,138 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on MYFW. Hovde Group upped their price target on First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Keefe, Bruyette & Woods upped their target price on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price target on shares of First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

First Western Financial Trading Down 1.5 %

First Western Financial stock opened at $20.05 on Friday. The business has a 50 day moving average price of $20.74 and a two-hundred day moving average price of $19.01. 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, Inc. has a 12 month low of $12.84 and a 12 month high of $22.32. The stock has a market cap of $193.68 million, a price-to-earnings ratio of 32.34 and a beta of 0.65.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. The firm had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. As a group, equities analysts forecast that First Western Financial, Inc. will post 0.93 EPS for the current year.

Insider Activity

In other news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the sale, the director now directly owns 8,760 shares in the company, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.90% of the company’s stock.

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.