JPMorgan Chase & Co. Increases Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

JPMorgan Chase & Co. grew its stake in First Western Financial, Inc. (NASDAQ:MYFW) by 284.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,674 shares of the company’s stock after buying an additional 10,113 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of First Western Financial worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MYFW. Wasatch Advisors LP lifted its holdings in shares of First Western Financial by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 446,009 shares of the company’s stock worth $8,920,000 after acquiring an additional 82,019 shares during the last quarter. Jacobs Asset Management LLC raised its position in First Western Financial by 31.4% during the third quarter. Jacobs Asset Management LLC now owns 208,114 shares of the company’s stock valued at $4,162,000 after purchasing an additional 49,679 shares in the last quarter. Geode Capital Management LLC lifted its stake in First Western Financial by 1.5% during the third quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock worth $3,492,000 after purchasing an additional 2,661 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Western Financial by 7.5% in the 2nd 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 in the last quarter. Finally, First Western Trust Bank increased 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 valued at $2,403,000 after purchasing an additional 6,963 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MYFW. Piper Sandler dropped their target price on First Western Financial from $23.00 to $22.50 and set a “neutral” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday.

First Western Financial Stock Up 0.4 %

MYFW opened at $21.07 on Friday. First Western Financial, Inc. has a 12 month low of $12.84 and a 12 month high of $22.32. 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 business’s 50-day moving average price is $19.90 and its 200-day moving average price is $19.41. The company has a market cap of $203.62 million, a P/E ratio of 33.98 and a beta of 0.68.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. On average, equities analysts expect that First Western Financial, Inc. will post 0.93 EPS 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.