Empowered Funds LLC Increases Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Empowered Funds LLC raised its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,859 shares of the company’s stock after acquiring an additional 1,072 shares during the period. Empowered Funds LLC owned approximately 0.23% of First Western Financial worth $437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Curi RMB Capital LLC lifted its stake in shares of First Western Financial by 25.1% in the third quarter. Curi RMB Capital LLC now owns 89,374 shares of the company’s stock valued at $1,787,000 after purchasing an additional 17,959 shares during the period. Sippican Capital Advisors acquired a new stake in shares of First Western Financial during the 3rd quarter valued at approximately $272,000. Mendon Capital Advisors Corp boosted its stake in shares of First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after acquiring an additional 40,138 shares in the last quarter. ELCO Management Co. LLC acquired a new stake in shares of First Western Financial in the 2nd quarter worth approximately $194,000. Finally, Hsbc Holdings PLC purchased a new position in First Western Financial in the 2nd quarter valued at approximately $210,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MYFW. Hovde Group boosted their price objective 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. Piper Sandler upped their price target on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th.

Insider Activity at First Western Financial

In related news, Director David R. Duncan sold 8,600 shares of the company’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 completion of the transaction, the director now directly owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

First Western Financial Trading Up 2.6 %

Shares of MYFW stock opened at $21.37 on Monday. The firm’s 50-day simple moving average is $20.14 and its 200-day simple moving average is $18.54. 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 1-year low of $12.84 and a 1-year high of $21.87. The firm has a market cap of $206.52 million, a P/E ratio of 34.47 and a beta of 0.62.

First Western Financial (NASDAQ:MYFW) last issued its earnings results 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 firm had revenue of $45.06 million during the quarter, compared to analysts’ expectations 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 business posted $0.32 earnings per share. As a group, equities analysts forecast that First Western Financial, Inc. will post 0.96 EPS for the current year.

First Western Financial 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.