Stifel Financial Corp Has $397,000 Stock Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Stifel Financial Corp trimmed its position in First Western Financial, Inc. (NASDAQ:MYFW) by 49.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,853 shares of the company’s stock after selling 19,530 shares during the period. Stifel Financial Corp owned approximately 0.21% of First Western Financial worth $397,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of First Western Financial by 347.2% during the third quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after acquiring an additional 2,420 shares in the last quarter. ELCO Management Co. LLC acquired a new stake in First Western Financial in the 2nd quarter valued at $194,000. Hsbc Holdings PLC bought a new stake in First Western Financial during the 2nd quarter valued at $210,000. Sippican Capital Advisors bought a new stake in First Western Financial during the 3rd quarter valued at $272,000. Finally, Empowered Funds LLC raised its holdings in First Western Financial by 5.2% during the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after buying an additional 1,072 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Price Performance

Shares of NASDAQ:MYFW opened at $19.03 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The stock has a market cap of $183.91 million, a PE ratio of 30.69 and a beta of 0.65. The stock’s fifty day simple moving average is $20.56 and its two-hundred day simple moving average is $19.10. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $22.32.

First Western Financial (NASDAQ:MYFW) last released its quarterly 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 net margin of 3.33% and a return on equity of 2.44%. The firm had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. During the same period in the previous year, the business earned $0.32 earnings per share. As a group, analysts forecast that First Western Financial, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective 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. Piper Sandler lifted their price target on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total value of $163,658.00. Following the transaction, the director now owns 8,760 shares of the company’s stock, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.