Barclays PLC Boosts Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Barclays PLC grew its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 112.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,583 shares of the company’s stock after buying an additional 9,309 shares during the quarter. Barclays PLC owned 0.18% of First Western Financial worth $353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after buying an additional 2,420 shares in the last quarter. ELCO Management Co. LLC acquired a new stake in shares of First Western Financial in the second quarter worth approximately $194,000. Hsbc Holdings PLC acquired a new stake in shares of First Western Financial in the second quarter worth approximately $210,000. Sippican Capital Advisors acquired a new stake in shares of First Western Financial in the third quarter worth approximately $272,000. Finally, Empowered Funds LLC boosted its stake in shares of First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after acquiring an additional 1,072 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MYFW. Keefe, Bruyette & Woods lifted their price target on First Western Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler lifted their price target on First Western Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

First Western Financial Stock Performance

NASDAQ MYFW opened at $19.19 on Friday. The stock’s fifty day moving average is $20.40 and its two-hundred day moving average is $19.18. The firm has a market capitalization of $185.45 million, a P/E ratio of 30.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. First Western Financial, Inc. has a fifty-two week low of $12.84 and a fifty-two week high of $22.32.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data 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). The company had revenue of $45.06 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.32 EPS. On average, research analysts anticipate that First Western Financial, Inc. will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

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 transaction 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 filing with the SEC, which is accessible through the SEC website. 17.90% of the stock is currently owned by corporate insiders.

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.