Rhumbline Advisers Purchases 1,090 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Rhumbline Advisers grew its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,623 shares of the company’s stock after purchasing an additional 1,090 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of First Western Financial worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wasatch Advisors LP increased its holdings in First Western Financial by 22.5% in the third quarter. Wasatch Advisors LP now owns 446,009 shares of the company’s stock valued at $8,920,000 after purchasing an additional 82,019 shares during the last quarter. Jacobs Asset Management LLC grew its position in shares of First Western Financial by 31.4% during the 3rd quarter. Jacobs Asset Management LLC now owns 208,114 shares of the company’s stock worth $4,162,000 after buying an additional 49,679 shares during the period. Geode Capital Management LLC increased its stake in shares of First Western Financial by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock valued at $3,492,000 after acquiring an additional 2,661 shares during the last quarter. First Western Trust Bank raised its position in shares of First Western Financial by 6.2% in the 3rd quarter. First Western Trust Bank now owns 120,157 shares of the company’s stock valued at $2,403,000 after acquiring an additional 6,963 shares during the period. Finally, State Street Corp boosted its stake in First Western Financial by 5.3% during the 3rd quarter. State Street Corp now owns 112,268 shares of the company’s stock worth $2,245,000 after acquiring an additional 5,611 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Stock Down 0.8 %

Shares of MYFW stock opened at $19.08 on Monday. First Western Financial, Inc. has a 52-week low of $13.46 and a 52-week high of $22.32. The stock has a market cap of $184.39 million, a price-to-earnings ratio of 21.93 and a beta of 0.81. The firm’s 50-day moving average is $19.66 and its 200-day moving average is $19.92. 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 (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Sell-side analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

MYFW has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Piper Sandler lowered their target price on First Western Financial from $23.00 to $22.50 and set a “neutral” rating for the company in a research note on Monday, January 27th.

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.