Charles Schwab Investment Management Inc. Has $451,000 Holdings in 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 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,554 shares of the company’s stock after acquiring an additional 1,592 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of First Western Financial worth $451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MYFW. Strategic Value Bank Partners LLC lifted its holdings 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 valued at $4,237,000 after purchasing an additional 28,563 shares in the last quarter. Dimensional Fund Advisors LP raised its position in First Western Financial by 7.5% during 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 during the period. First Western Trust Bank lifted its stake in First Western Financial by 6.2% in the 3rd quarter. First Western Trust Bank now owns 120,157 shares of the company’s stock worth $2,403,000 after acquiring an additional 6,963 shares in the last quarter. Curi RMB Capital LLC boosted its position 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 worth $1,787,000 after acquiring an additional 17,959 shares during the period. Finally, Mendon Capital Advisors Corp grew its stake in First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after acquiring an additional 40,138 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Stock Down 1.5 %

MYFW opened at $20.05 on Friday. The company has a market capitalization of $193.68 million, a PE ratio of 32.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial, Inc. has a fifty-two week low of $12.84 and a fifty-two week high of $22.32. The business has a 50-day moving average of $20.74 and a 200-day moving average of $19.01.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). The business had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. During the same period in the previous year, the business posted $0.32 EPS. Equities research analysts forecast that First Western Financial, Inc. will post 0.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MYFW. Piper Sandler increased 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. 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 research report on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Insider Activity at First Western Financial

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

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.